Question: Hello i f someone could please answer this for m e I would really appreciate i t : Exercise 6 - 3 ( A l

Hello

i f

someone could please answer this for

m e

I would really appreciate

i t

: Exercise

6 - 3 (A l g o)

Allocating transaction price

[L O 6 - 4]

Video Planet

(V P)

sells a big screen

T V

package consisting

o f a 60 -

inch plasma

T V,

a universal remote, and

o n -

site installation

b y V P

staff. The installation includes programming the remote

t o

have the

T V

interface with other parts

o f

the customer's home entertainment

system.

V P

concludes that the

T V,

remote, and installation service are separate performance obligations.

V P

sells the

60 -

inch

T V

separately for $

1, 280,

sells the remote separately for $

80,

and offers the installation service separately for $

240 .

The entire package

sells for $

1, 500 .

Required:

How much revenue would

b e

allocated

t o

the

T V,

the remote, and the installation service?

Note:

D o

not round intermediate calculations.

Hello i f someone could please answer this for m

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