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please help Video Planet (VP) selis a big screen IV package consisting of a Go-inch plasma TV, a untuerisal remote, and on-sule instatlation by VP?
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Video Planet (VP) selis a big screen IV package consisting of a Go-inch plasma TV, a untuerisal remote, and on-sule instatlation by VP? stafi. The installation includes programmitig the remote to have the TV interface with other parts of the cistomer's home entertainment 5yntem, VP concludes that the TV, remote, and installation service are separate performance obllgations. Vp sells the 60 inch TV Separately for $2,050 and sells the remote separately for $250, and offers the entite pacicage for $2.500. VP does not sell the installation service separately. VP is aware that other similar veridors charge $300 for the instaltation service. VP also estiriates that it Incurs approximately $250 of compensalion and other costs for VP staft to provide the Instatlation service. Vp typically charges 40 . above cost on simliar sales. Required: 1. to 3. Calculate the stand-atone selling price of the installation service using each of the folloving approaches Step by Step Solution
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