What Is the Rationale Behind the Principle That a Witness

question 63

Multiple Choice

What is the rationale behind the principle that a witness does not have to sign or witness the testator sign a holographic will?

• A) When the entire will is in the testator's handwriting, it lessens the chance of fraud or forgery.
• B) It is unnecessary and inconvenient to involve other parties if the will is created by the testator.
• C) The testator had ample time to consider the consequences of creating the will.
• D) The writing is better evidence of the testator's state of mind.
• E) Witnesses are required to sign and witness the testator signing a holographic will.

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Definitions:

Quantity Variance

A measure of the difference between the expected and actual quantities used in production, affecting materials or labor.

Overhead Absorbed

The overhead rate multiplied by standard units of volume.

Direct Labor Hours

The total amount of time spent by employees directly involved in manufacturing products or providing services.

Overhead Volume Variance

The flexible budget at standard volume less the overhead applied. It is an estimate of the unused or overused fixed plant capacity.