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Electro Corp sells a refrigerator and a freezer as a single package for $1,120. Other data are in the chart below. Refrigerator Fullsize Freezer Packaged
Electro Corp sells a refrigerator and a freezer as a single package for $1,120. Other data are in the chart below.
Refrigerator | Fullsize Freezer | Packaged Price | |
Selling price | $870 | $450 | $1,120 |
Manufacturing cost per unit | $670 | $290 | |
Standalone product revenues | $1,220,000 | $890,000 |
Using the
standalone
method with
standalone
product revenues as the weight for revenue allocation, what amount will be allocated to the refrigerator? (Do not round any intermediary calculations.)
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