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Hopner Products enters into a contract with Tulles to sell three different products. The total transaction price is $350,000. Each of the products is
Hopner Products enters into a contract with Tulles to sell three different products. The total transaction price is $350,000. Each of the products is a separate performance obligation. Based on the information presented in the table, what is the allocated transaction price of product Z using the expected-cost-plus-a-profit margin approach? (Round intermediary percentages to the nearest hundredth percent, and round your final answer to the nearest whole number.) Product Standalone Price Market Price Forecasted Cost Y $130,000 $100,000 $110,000 $80,000 $160,000 $75,000 Z Not Available $90,000 $140,000 A. $87,500 B. $116,667 C. $166,096 OD. $195,000
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