At the end of the first year, the XYZ Team had incurred $550,000 of cost,...
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Accounting
At the end of the first year, the XYZ Team had incurred $550,000 of cost, with the total estimated cost of $1,050,000. Their total estimated revenue is $1,200,000. If the percentage of completion by labor hours expended is 60.8%, calculate the cost of revenue to date,
By cost to cost method, using Alternative B.
By labor hours expended method, using Alternative B.
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