Exercise 5-13 Approaches for estimating stand-alone selling prices [105-6] video Planet (vp) sells a big screen TV package consisting of a 60- nch plasma TV, a universal remote, and on-site installation by VP staft. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV, remote and instaliation service are separate performance obligations VP sells the 60-anch TV separately for $2,050 and sells the remote separatety for $250, and offers the entire package for $2,500. VP does not sell the Instalation service separately VP is aware that other similiar vendors charge $300 for the installation service VP also estimates that it incurs approximately $250 of compensation and other costs for VP staff to provide the installation service. VP typically charges 40% above cost on samnar sales Required 1 to 3. Calculate the stand-alone price of the installation service using each of the following approaches. market assessment C Prev s E Next > 3 5 6 7