Question: A Computer Company sells computers and also a 12-month full service on-line package. Prices are as follows: Price of Computer Alone: Price of Service Package

 A Computer Company sells computers and also a 12-month full service

A Computer Company sells computers and also a 12-month full service on-line package. Prices are as follows: Price of Computer Alone: Price of Service Package Alone: $800.00 200.00 Price of Package With Both: $800.00 The company sold 200 packages in October, 2020 for a total of $160,000. Required . Allocate the $800 price of the package between the two items. Allocate the total sales of $160,000 between the product and the service. Calculate the total revenue to be recognized in 2020 [year end 12-31- 20). What is the total revenue to be recognized in 2020

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f