Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)
A.
Create a revenue method with a revenue method classification of Amount Based.
B.
Create a revenue method with a revenue method classification of Rate Based.
C.
Create a revenue method classification with a revenue method of Percent Spent.
D.
Create a revenue method classification with a revenue method of Percent Complete.
To perform revenue recognition based on the Labor and Non-labor Burden schedule types, you need to create a revenue method with a revenue method classification of Rate Based. This classification allows you to use the burdened cost rates of labor and non-labor resources as the basis for revenue recognition. The burdened cost rates are derived from the burden schedules that are assigned to the project or task. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-revenue.html#OAPFM2355981
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