Answered

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The cost-plus approach: Multiple Choice uses an assumed reasonable profit margin to determine the stand-alone price. refers to contracts where the contractor is not expected to recover all costs incurred in completing the project. is not allowed under ASC Topic 606 guidance for revenue recognition. refers to contracts that are modified from their original terms during the course of the contract.

Sagot :

hyderali230

Answer:

Uses an assumed reasonable profit margin to determine the stand-alone price.

Explanation:

Is the pricing method in which a resonable profit margin is added to the total product cost to determine the sale price of a product.

For Example

Product A Incurred a total cost of $20 to produce one unit. The company XYZ wants to earn 20% profit margin on the cost of the product, hence the price will be $24 ( $20 x ( 1 + 20% ).

The properly formatted question is as follow

The cost-plus approach:

Uses an assumed reasonable profit margin to determine the stand-alone price.

refers to contracts where the contractor is not expected to recover all costs incurred in completing the project.

is not allowed under ASC Topic 606 guidance for revenue recognition.

refers to contracts that are modified from their original terms during the course of the contract.

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