Which of the following will result in an unfavorable direct labor cost variance?
a. the actual direct labor cost per hour is less than the standard direct labor cost per hour
b. actual direct labor hours exceed standard direct labor hours
c. actual direct labor hours are less than standard direct labor hours
d. the actual direct labor cost per hour exceeds the standard direct labor cost per hour

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.