UNIT-OF-WORK-PERFORMED METHOD Definition

Bookmark and Share

UNIT-OF-WORK-PERFORMED METHOD is where revenue and cost of sales are recorded as units of work are delivered. This is most suitable to production-type contracts where many units of a product are produced in a continuous process, e.g. automobile manufacture.

Learn new Accounting Terms

CONTROLLABLE MARGIN technically is the excess of contribution margin over controllable fixed costs. Managerially it is that margin that you can reasonably expect from a process that is balanced and controlled. Controllable margin is considered to be the best measure of a managers performance in efforts to control revenues and costs.

CONVERTIBLE BOND is a bond that can be converted to other securities under certain conditions.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.