Given a "Break in Service" You May

question 100

Multiple Choice

Given a "break in service" you may

• A)lose vested benefits.
• B)lose nonvested benefits.
• C)lose both vested and nonvested benefits.
• D)not lose either vested or nonvested benefits.

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Definitions:

Predetermined Overhead Rate

A rate calculated before the accounting period begins, used to apply manufacturing overhead costs to products by estimating fixed and variable manufacturing overhead costs for the coming period.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual units of production, based on estimated costs.

MH

Often used as an abbreviation for "machine hours," representing the amount of time machines are operated in the production process.

Variable Overhead Rate Variance

The difference between actual variable overhead incurred and the standard cost allocated based on activity level.