Answer:
The correct answer is defined contribution plan.
Explanation:
The defined contribution plan is a pension plan in which the company agrees to make monetary contributions each year for the benefit of the employee.
Generally, in a defined contribution plan the employee has the right over the invested assets and is free to withdraw the accumulated funds if his retirement occurs prematurely. For this reason, the defined contribution plans are said to have portability, that is, if the employee ends his employment relationship with the company, he can transfer his funds to his new company's pension plan or to a private pension plan.
Upon retirement, the employee can access the accumulated funds, but unlike in the defined benefit plans, no amount is guaranteed. The investment risk is assumed entirely by the employee.
For example, the company can contribute 1% of salary to a pension fund every month. The employee can also contribute part of his salary to this plan.
1. Credit account and Store accounts
Answer:
bachelors degree
Explanation:
just answered this on my test and got correct.
Answer:
D. $1,344 unfavorable
Explanation:
We know,
Direct materials quantity variance = (Standard Quantity - Actual Quantity) × Standard price
Given,
Standard Quantity = 4,440 pounds of material
Actual Quantity = 4,650 pounds of material
Standard price = $6.40
Putting the values into the above formula, we can get,
Direct materials quantity variance = (4,440 - 4,650) pounds × $6.40
or, Direct materials quantity variance = -210 pounds × $6.40
Therefore, Direct materials quantity variance = $1,344
As the actual quantity is higher than standard quantity, the situation is unfavorable. Therefore, option D is the answer.
Answer:
4099
Explanation:
we have mean = 4000
σ = 60 units
lets make X = weekly production
z = X-μ/σ
z = X-4000/60
At 0.05 level of signficance, z critical value = 1.645
we put this value into the equation
we cross multiply from here
60 * 1.645 = x - 4000
98.7 = x-4000
x = 4000 + 98.7
x = 4098.7
≈ 4099
the bonus would be paid on 4099 units
