Which of the Following Is Not a Characteristic of Health

question 179

Multiple Choice

Which of the following is not a characteristic of health savings accounts (HSAs) ?

• A) They are available to workers covered by health insurance plans with high deductibles ($1,000 or more) and do not have other first-dollar insurance coverage.
• B) Contributions to HSAs are tax-deductible.
• C) Unused funds in HSAs accumulate and remain available for later out-of-pocket medical expenses.
• D) Only workers can contribute to HSAs; employers cannot.

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Definitions:

Variable Factory Overhead Controllable Variance

The difference between the actual variable overhead costs incurred and the expected costs based on the standards set for the production volume.

Total Factory Overhead Cost Variance

The difference between the actual overhead costs incurred and the standard overhead costs assigned to production over a given period.

Factory Overhead Cost Budget

Budget that estimates the cost for each item of factory overhead needed to support budgeted production.

Total Variable Cost

The sum of all costs that vary directly with the level of production or sales volume.