8I0 101 omework Help Save&ExitSubmi Check my work Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customers home entertainment system. VP concludes that the TV, performance obligations. VP sells the 60-inch TV separately for $2.030 and sells the remote separately for $240, and offers the entire package for $2,460 VP does not sell the installation service separately. VP is aware that other similar vendors charge $290 for the installation service. VP also estimates that it incurs approximately $240 of and other costs for VP staff to provide the installation service. VP typically charges 50% above cost on similar sales. remote and installation service are separate compensation Required: 1. to 3. Calculate the stand-alone price of the installation service using each of the following approaches Price sted market assessment Expected cost plus margin Residua C Prev 6of 14 Next 8 5 6