Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CAN YOU PLEASE SHOW ME HOW YOU SOLVED IT. THANK YOUU GODBLESS! Items 47 to 49 are based on the following information: Sonya, Inc. (SONI)

image text in transcribed

CAN YOU PLEASE SHOW ME HOW YOU SOLVED IT. THANK YOUU GODBLESS!

Items 47 to 49 are based on the following information: Sonya, Inc. (SONI) sells a big screen TV package consisting of a 60-inch plasma TV. Wines remote, and onsite installation by SONI staff. The installation includes programming the remote lo have the TV interface with other parts of the customer's home entertainment system. SON concludes that the TV remote, and installation service are separate performance obligations. Sonya, Inc. (SONI) sells the 60-inch TV separately for P17,500 and sells the remote separately for P1,000, and offers the entire package for P19,000. SONI does not sell the installation service separately. SONI is aware that other similar vendors charge P1,500 for the installation service SONI also estimates that it incurs approximately P1,000 of compensation and other costs for SON staff to provide the installation service. SONI typically charges 40% above cost on similar soles. 47. Estimate the stand-alone selling price of the installation service using the adjusted market assessment approach? C. P1,400 b. P 500 d. P1,500 48. Estimate the stand-alone selling price of the installation service using the estimated cost pls a margin approach? a. Po C. P1,400 b. P 500 d. P1,500 49. Estimate the stand-alone selling price of the installation service using the residual approach? a. Po c. P1,400 b. P 500 d. P1,500 a. Po formation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Essentials Of Finance And Accounting For Nonfinancial Managers

Authors: Edward Fields

3rd Edition

0814436943, 9780814436943

More Books

Students also viewed these Accounting questions

Question

Explain the development of human resource management (HRM)

Answered: 1 week ago