Which of the Following Is an Option for an Employee

question 83

Multiple Choice

Which of the following is an option for an employee under the mandatory vesting established by ERISA:

• A) to have 100 percent vesting after 10 years of employment
• B) to have 25 percent vesting after five years, then 5 percent vesting a year for five years, then 10 percent vesting a year for five years, to achieve 100 percent vesting in 15 years
• C) vesting under the rule of 45
• D) all of the other specific choices are correct
• E) none of the other specific choices are correct

---

Definitions:

Unit Product Costs

Unit product costs are the total expenses incurred in producing a single unit of product, including direct materials, direct labor, and manufacturing overhead, crucial for pricing and profitability analyses.

Markup

The difference between the cost of a good or service and its selling price, expressed as a percentage of the cost.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate overhead costs to products or cost objects based on a planned activity level.

Total Manufacturing Cost

The aggregate cost of direct materials, direct labor, and manufacturing overhead incurred in producing products.