Please read the instructions carefully and answer both questions in details.

On March 1, 2016, Gold Examiner receives $151,000 from a local bank and promises to deliver 96 units of certified 1-oz. gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink's, a third-party carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1, 440 per unit, and Gold Examiner estimates the standalone price of the replacement insurance service to be $60 per unit. Brink's picked up the gold bars from Gold Examiner on March 30, and delivery to the bank occurred on April 1. 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 $2, 010 and sells the remote separately for $230, and offers the entire package for $2, 420. VP does not sell the installation service separately. VP is aware that other similar vendors charge $280 for the installation service. VP also estimates that it incurs approximately $230 of compensation and other costs for VP staff to provide the installation service. VP typically charges 30% above cost on similar sales. Required: Determine the standalone price given the three methods most commonly used to estimate a standalone for the installation service