How would I find the price using the adjusted market assessment approach

ity estimates the residual, nees that underlie price by saberacting the standalone selling prices of the performance obligations from the total transaction 2 The estimated all of the standalone selling which the sum of the standalone selling prices, it al lative standalone rformance obligat o the gods or services for which it does hen asing the residual approach, the enti selling prices is higher es an entity which the sobligationoprice to each separate perf e s in the contract. oe price) to separate n other wonds, the entity allocates the tran sede seling prices approaches hssed on the proportion of the standalone selling price of each of the standalone selling prices of all of the performance obligationar Allocation of the Transaction Price to t Performance Obligations the three E 8.13 PROBLEM.Bord Industries enters into a contract with a customer to total transaction price of formance obligation. Bord Industries sells products A and B only on a PL pri of 6S0.000 Each product is approiatelyclassif tree pro Information related to th product individual bais lated to these tho ely classified it must estimate the standalone selling price for product C. Info products is provided in the following table Standalone Selling Price Market Competitor Prices Forecasted Co Product $175,000 300,000 Not available $133,000 312,000 200,000 $645,000 $120,000 250,000 130,000 $500,000 Total How should Bord Industries allocate the transaction price to the three each of the following three approaches: (a) the adjusted market assessment approach,(b)he expected-cost-plus-a-margin approach, and (c) the residual approach? products unde SOLUTIONS: Weillustrate each method separately. a. Adjusted market assessment alone selling prices based to pay, such as competitor price approach Bord Industries should estimate the sta on the prices that the customers in the market would be wilil tor prices, and then allocate on a relative basis as follows: ity estimates the residual, nees that underlie price by saberacting the standalone selling prices of the performance obligations from the total transaction 2 The estimated all of the standalone selling which the sum of the standalone selling prices, it al lative standalone rformance obligat o the gods or services for which it does hen asing the residual approach, the enti selling prices is higher es an entity which the sobligationoprice to each separate perf e s in the contract. oe price) to separate n other wonds, the entity allocates the tran sede seling prices approaches hssed on the proportion of the standalone selling price of each of the standalone selling prices of all of the performance obligationar Allocation of the Transaction Price to t Performance Obligations the three E 8.13 PROBLEM.Bord Industries enters into a contract with a customer to total transaction price of formance obligation. Bord Industries sells products A and B only on a PL pri of 6S0.000 Each product is approiatelyclassif tree pro Information related to th product individual bais lated to these tho ely classified it must estimate the standalone selling price for product C. Info products is provided in the following table Standalone Selling Price Market Competitor Prices Forecasted Co Product $175,000 300,000 Not available $133,000 312,000 200,000 $645,000 $120,000 250,000 130,000 $500,000 Total How should Bord Industries allocate the transaction price to the three each of the following three approaches: (a) the adjusted market assessment approach,(b)he expected-cost-plus-a-margin approach, and (c) the residual approach? products unde SOLUTIONS: Weillustrate each method separately. a. Adjusted market assessment alone selling prices based to pay, such as competitor price approach Bord Industries should estimate the sta on the prices that the customers in the market would be wilil tor prices, and then allocate on a relative basis as follows