Should Lonnie Be Allowed to Testify About How Fast the Blue

question 4

Multiple Choice

Should Lonnie be allowed to testify about how fast the blue Ford was driving

• A)Yes, he saw the car drive away.
• B)Yes, he can testify that the car "laid rubber" but he cannot give an estimate of the vehicle's speed.
• C)Yes he can because he sees many cars drive on that driveway every day.
• D)No, only an expert witness can testify about how fast a car was going.

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Definitions:

Standard Costing

An accounting method that assigns predetermined costs to cost units, used to control costs and measure performance.

Labour Efficiency Variance

The difference between the actual labor hours used and the standard labor hours expected for the level of production achieved.

Variable Overhead

Indirect manufacturing costs that vary with the level of production output, such as utilities and maintenance expenses.

Labour Rate Variance

The difference between the actual cost of labor and its budgeted (or standard) cost, often arising from paying different wages than anticipated.