Which of the Following Exceptions to the Hearsay Rule Apply

question 46

Multiple Choice

Which of the following exceptions to the Hearsay Rule apply only if the declarant is unavailable

• A)Admissions
• B)Declaration Against Interest
• C)Spontaneous Statements
• D)All of these are admissible only if the declarant is not available

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Definitions:

Unfavorable

A term used to describe variances or differences that negatively impact profitability or efficiency, often indicating higher costs or lower revenue than expected.

Favorable

A term used in accounting and finance to describe situations where actual costs are less than budgeted or expected costs, or revenue is higher than anticipated.

Manufacturing Overhead Volume Variance

The difference between the budgeted volume of manufacturing overhead and the actual volume incurred, used for budgeting and cost control.

Overapplied

A situation in cost accounting where the allocated manufacturing overhead costs exceed the actual overhead expenses incurred.