ACCOUNTING ercise Homework value 10.00 points Video Planet ("VP") sells a big screen TV package consisting of a 60-inch plasma TV, a universa and on-site installation by VP staff. The installation includes programming the remote to have interface with other parts of the customer's home entertainment system. VP concludes that remote, and installation service are separate performance obligations. VP sells the 60-inch TV s for $1,750 and sells the remote separately for $100, and offers the entire package for $1,900 VP sell the installation service separately. VP is aware that other similar vendors charge $150 installation service. VP also estimates that it incurs approximately $100 of compensation and oth for VP Staff to provide the installation service. VP typically charges 40% above cost on similar sa Required: 1. to 3. Calc ulate the stand-alone price of the installation service using each of the following appr Stand-Alone Selling Price Adjusted market assessment $ Expected cost plus margin $ Residual 1,615 95 190 References eBook & Resources Worksheet Difficulty 2 Medium ACCOUNTING ercise Homework value 10.00 points Video Planet ("VP") sells a big screen TV package consisting of a 60-inch plasma TV, a universa and on-site installation by VP staff. The installation includes programming the remote to have interface with other parts of the customer's home entertainment system. VP concludes that remote, and installation service are separate performance obligations. VP sells the 60-inch TV s for $1,750 and sells the remote separately for $100, and offers the entire package for $1,900 VP sell the installation service separately. VP is aware that other similar vendors charge $150 installation service. VP also estimates that it incurs approximately $100 of compensation and oth for VP Staff to provide the installation service. VP typically charges 40% above cost on similar sa Required: 1. to 3. Calc ulate the stand-alone price of the installation service using each of the following appr Stand-Alone Selling Price Adjusted market assessment $ Expected cost plus margin $ Residual 1,615 95 190 References eBook & Resources Worksheet Difficulty 2 Medium