Why didn’t the FASB cover both types of postretirementbenefits—pensions and healthcare—in the earlier pensionaccounting rules?

The two main types of pension plans are defined benefit plans and defined contribution plans. Explain the difference between the two. How does the accounting for each differ?

What reporting is required for the accounting for employee Pension Trust Funds

What is an actuary? What is the actuary’s role in pension administration?

WHat Isn meant by means tested state pension benefits and give example?

Describe the requirements for reporting pension plans in financial statements.

Identify the differences between pensions and postretirement healthcare benefits.

Katherin, Ltd. is developing their manufacturing overhead budget for May, which is based on budgeted direct labor hours. The variable overhead rate is $16.05 per direct labor hour and 11,552 direct labor hours are budgeted for May. Fixed manufacturing overhead is budgeted at $102,000. All overhead costs are current cash flows except for $15,300 of depreciation. The predetermined overhead rate every month is recomputed every month. What should the predetermined overhead rate for May be? Select one: A. $24.88 B. $26.20 C. $8.83 D. $17.66 E. $17.37