The Advantage of a Trust Over a Will Is That

question 21

Multiple Choice

The advantage of a trust over a will is that a trust

• A) can provide greater flexibility over the distribution of property.
• B) is not liable for taxes.
• C) is administered by the court.
• D) is not revocable.

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Definitions:

Variable Factory Overhead Controllable Variance

The difference between the actual variable overhead costs and the budgeted costs controllable by management.

Variances

Differences between planned and actual performance in budgeting or costing.

Standard Costs

Predetermined or estimated expenses that are often used to measure the performance of manufacturing departments or operations.

Management

The process of planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively.