Busch Party Company contracts with a customer to provide its birthday party package including a cake, balloons, and musical entertainment. It regularly sells the following products separate at the following standalone selling prices. (Click the icon for the standalone selling prices.) (Click the icon to view additional information.) Requirement How should Busch Party allocate the transaction price to each product? More info Busch Party also regularly bundles musical entertainment and hosting together for $156. Busch Party signs a contract with a customer to provide balloons, a cake, musical entertainment and hosting a party for $276. Busch Party determines that each product is a separate performance obligation. How is each product allocated? Balloons Cake Standalone selling price Standalone selling price Musical Entertainment Contract discount on standalone selling price Hosting Contract discount on standalone selling price Print Done Compute the allocated transaction price for each product. (Enter percentages to two decimal places. XXX%. Round your answers to the nearest whole dollar. If a product does not have the contract discount allocated to it, leave the "Percentage of Standalone Selling Price" cells empty; do not enter a zero.) Equipment Balloons Cake Musical Entertainment Hosting Percentage of Allocation of Standalone Transaction Selling Price Price % % - X Data table Standalone Item Selling Price % Balloons $ 77 % Cake 43 Total Musical Entertainment 122 Hosting 114 Help me solve this Etext pages Get more help Clear all Check