Homework Answers
Solution:
| Cost to cost method | ||||
| Year | Cost incurred | Percent of total expected cost | Revenue recognized | Income |
| 2012 | $30.00 | 35% | $42.00 | $12.00 |
| 2013 | $35.00 | 41% | $49.00 | $14.00 |
| 2014 | $20.00 | 24% | $29.00 | $9.00 |
| $85.00 | $120.00 | $35.00 | ||
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