Question: Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-sife installation by VP staff. The
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-sife installation by VP staff. The instalbition includes programming the remote to have the TV interface with other parts of the customer's home entertainment. system. VP concludes that the TV, remole, and installation service are separate performance obligations. VP sells the 60:inch TV separately for $1,700, selis the remote separately for $100, and offers the instatation service separately for $200. The entire package selis for $1.900 Required: How much reverue would be allocated to the TV, the remote, and the installation service? Note: Do not round intermediate calculotions
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