Which of the following occurs during a phased implementation?
A) focusing on different departmental groups at a time
B) launching the new system while the old one is still running
C) focusing on launching modules in steps rather than all at once
D) launching all the modules of the new system on a single go-live date
C
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An investor purchased an interest in a limited partnership, paying $10,000 in cash and signing a recourse note to the partnership under a letter of credit for $40,000. Which of the following statements are TRUE?
I. The investor's tax basis will be $10,000. II. The investor's tax basis will be $50,000. III. The investor's maximum loss will be $10,000. IV. The investor's maximum loss will be $50,000. A) I and IV. B) II and IV. C) I and III. D) II and III.
The following data for the Prender Company pertain to the production of 800 urns during August
Direct Materials (all materials purchased were used): Standard cost: $4.80 per pound of urn. Total actual cost: $4,480. Standard cost allowed for units produced was $4,800. Materials efficiency variance was $96 unfavorable. Direct Manufacturing Labor: Standard cost is 2 urns per hour at $19.20 per hour. Actual cost per hour was $19.60. Labor efficiency variance was $288 favorable. Required: a. What is standard direct material amount per urn? b. What is the direct material price variance? c. What is the total actual cost of direct manufacturing labor? d. What is the labor price variance for direct manufacturing labor?