The percentage-of-completion method may utilize a cost-to-cost approach or an output measure approach.

Name: The percentage-of-completion method may utilize a cost-to-cost approach or an output measure approach.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

The percentage-of-completion method can use either the cost-to-cost approach, which compares costs incurred to date with total estimated costs, or an output measure approach, which measures progress based on units produced or milestones achieved.

The Percentage-Of-Completion Method May Utilize a Cost-To-Cost Approach or an Output