Question: Exercise 6 - 3 ( Algo ) Allocating transaction price [ L 0 6 - 4 ] Video Planet ( VP ) sells a big

Exercise 6-3(Algo) Allocating transaction price [L06-4]
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 customer's home entertainment
system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV
separately for $1,575, sells the remote separately for $210, and offers the installation service separately for $315. The entire package
sells for $2,000.
Required:
How much revenue would be allocated to the TV, the remote, and the installation service?
Note: Do not round intermediate calculations.
Exercise 6-3(Algo) Allocating transaction price [L06-4] Video Planet (VP) sells a

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