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On March 21, Office Tech signed a contract with Atlantic Tech University to sell it 126 laser printers and 146 additional high- volume toner
On March 21, Office Tech signed a contract with Atlantic Tech University to sell it 126 laser printers and 146 additional high- volume toner cartridges. The contract price was $60,000. Office Tech normally charges $454 for each laser printer and $119 for each high-volume toner cartridge. The printers cost Office Tech $362, while each toner cartridge costs $61. No sales returns or allowances are expected by Office Tech's management. All of the printers were delivered to the university on March 26, but the toner cartridges were not delivered until April 3 because they were shipped from a different warehouse. (a) Your answer is partially correct. Determine the amount of revenue that Office Tech would be able to recognize in March. (Round intermediate calculations and final answers to O decimal places, e.g. 5,125.) Allocated Selling price Laser printers $ 46022 Toner cartridges 13978 Total $ 60000 Amount of revenue recognized in March $ 46022
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