A particular term for which specific revenue measurement is required is known as __________?
Correct answer: D. revenue object
- A. revenue allocation
- B. reciprocal revenueTrack Stock Earnings
- C. revenue increment
- D. revenue object
Explanation
A revenue object is the particular product, service, or other item for which revenue must be measured or allocated. Revenue allocation is the process of assigning revenue, not the item being measured.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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