can you please help me

Sunwise Ltd is a construction company that specialises in the construction of solar roofs. The roofs are made entirely of solar tiles and are customized to fit the roof design of any particular house. The construction of the customised roof is regarded as one performance obligation. During the year, Sunwise Ltd entered into a contract with a customer to build a customised solar roof. The terms of the contract state that should the customer cancel the contract, then Sunwise Ltd would have the right to payment for the performance (construction) completed up to the date that the customer cancels the contract. The constructed roof is uniquely customised to fit the customer's house and thus cannot be sold to any other customer. The customer promised to pay a consideration of R200 000 for the constructed roof. The expected date of completion is 31 March 2022 . Since the customer will be staying at a hotel during the construction process, it was agreed that for each day after 31 March 2022 during which the construction of the roof is incomplete, the promised consideration will be reduced by R2 000. However, for each day before 31 March 2022 that the roof is completed, the promised consideration will increase by R2 000 . Sunwise Ltd decided to use the expected value method to estimate the variable consideration associated with this daily penalty or incentive. Upon completion of the asset, producers of a local TV show will inspect the roof to determine if the roof will be showcased in their TV show given the futuristic nature of the roof. The customer is excited at the possibility of having his solar roof showcased on TV and will pay Sunwise Ltd an additional R15 000 as an incentive if producers choose to showcase his roof. Sunwise Ltd decided to use the 'most likely' amount to estimate the variable consideration associated with this R15 000 incentive. 97 HFAC232-1-Jul-Dec2022-FA2-SK-V2-27062022 ANNEXURE I: FORMATIVE ASSESSMENT 2 REQUIRED: 3.1) State when an entity can recognise revenue over time and discuss whether Sunwise Ltd will be eligible to recognise the revenue related to the solar roof over time. (6 marks) 3.2) Calculate the total transaction price if Sunwise Ltd estimates: - A 70% chance that there will be a delay of two days to complete the construction of the roof; and - A 30% chance that it will be constructed on 31 March 2022 and - A 90% chance that the producer will choose to showcase the roof on TV. 3.3) Calculate the total transaction price if Sunwise Ltd estimates: - A 50% chance that the construction of the roof will be completed five days before the due date; and - A 40% chance that it will be constructed on 31 March 2022; and - A 10% chance that there will be a delay of three days to complete the construction of the roof; and - A 43\% chance that the producer will choose to showcase the roof on TV. (8 marks) Sunwise Ltd is a construction company that specialises in the construction of solar roofs. The roofs are made entirely of solar tiles and are customized to fit the roof design of any particular house. The construction of the customised roof is regarded as one performance obligation. During the year, Sunwise Ltd entered into a contract with a customer to build a customised solar roof. The terms of the contract state that should the customer cancel the contract, then Sunwise Ltd would have the right to payment for the performance (construction) completed up to the date that the customer cancels the contract. The constructed roof is uniquely customised to fit the customer's house and thus cannot be sold to any other customer. The customer promised to pay a consideration of R200 000 for the constructed roof. The expected date of completion is 31 March 2022 . Since the customer will be staying at a hotel during the construction process, it was agreed that for each day after 31 March 2022 during which the construction of the roof is incomplete, the promised consideration will be reduced by R2 000. However, for each day before 31 March 2022 that the roof is completed, the promised consideration will increase by R2 000 . Sunwise Ltd decided to use the expected value method to estimate the variable consideration associated with this daily penalty or incentive. Upon completion of the asset, producers of a local TV show will inspect the roof to determine if the roof will be showcased in their TV show given the futuristic nature of the roof. The customer is excited at the possibility of having his solar roof showcased on TV and will pay Sunwise Ltd an additional R15 000 as an incentive if producers choose to showcase his roof. Sunwise Ltd decided to use the 'most likely' amount to estimate the variable consideration associated with this R15 000 incentive. 97 HFAC232-1-Jul-Dec2022-FA2-SK-V2-27062022 ANNEXURE I: FORMATIVE ASSESSMENT 2 REQUIRED: 3.1) State when an entity can recognise revenue over time and discuss whether Sunwise Ltd will be eligible to recognise the revenue related to the solar roof over time. (6 marks) 3.2) Calculate the total transaction price if Sunwise Ltd estimates: - A 70% chance that there will be a delay of two days to complete the construction of the roof; and - A 30% chance that it will be constructed on 31 March 2022 and - A 90% chance that the producer will choose to showcase the roof on TV. 3.3) Calculate the total transaction price if Sunwise Ltd estimates: - A 50% chance that the construction of the roof will be completed five days before the due date; and - A 40% chance that it will be constructed on 31 March 2022; and - A 10% chance that there will be a delay of three days to complete the construction of the roof; and - A 43\% chance that the producer will choose to showcase the roof on TV. (8 marks)