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Pryor-Up Inc. contracts with a building manager to provide goodss and services to enhance the energy efficiency. (Click the icon to view additional information.) Requirement
Pryor-Up Inc. contracts with a building manager to provide goodss and services to enhance the energy efficiency. (Click the icon to view additional information.) Requirement What amount of the transaction price should Pryor-Up allocate to each performance obligation? (Enter percentages to one decimal place. X.X%. Round all amounts to the nearest whole dollar. If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) X More Info Percentage Allocation of Standalone Allocation of Current Year Selling price Variable Standalone Performance Fixed Total It offers consulting services, including recommending ways to increase energy efficiency and monitor performance. It also provides items such as thermostats and automatic light switches as part of the contract. Pryor-Up charges 65% of the reduction in energy usage during the first year as a consulting fee. Pryor-Up determines that the consulting services comprise one performance obligation and the items provided are another performance obligation. The estimated standalone selling prices are $181,000 for the consulting services and $107,000 for the items to increase energy efficiency. The stated price in the contract for the items provided is a fixed payment of $65,000. The price stated for the consulting fees is 65% of the customer's reduction in future energy costs. Pryor-Up estimates that the customer will reduce its energy usage by $509,000. The customer's actual energy reduction is $548,000. Obigations Sellng Price Consideration to Total Price % Consideration Consideration Total Print Done Pryor-Up Inc. contracts with a building manager to provide goodss and services to enhance the energy efficiency. (Click the icon to view additional information.) Requirement What amount of the transaction price should Pryor-Up allocate to each performance obligation? (Enter percentages to one decimal place. X.X%. Round all amounts to the nearest whole dollar. If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) X More Info Percentage Allocation of Standalone Allocation of Current Year Selling price Variable Standalone Performance Fixed Total It offers consulting services, including recommending ways to increase energy efficiency and monitor performance. It also provides items such as thermostats and automatic light switches as part of the contract. Pryor-Up charges 65% of the reduction in energy usage during the first year as a consulting fee. Pryor-Up determines that the consulting services comprise one performance obligation and the items provided are another performance obligation. The estimated standalone selling prices are $181,000 for the consulting services and $107,000 for the items to increase energy efficiency. The stated price in the contract for the items provided is a fixed payment of $65,000. The price stated for the consulting fees is 65% of the customer's reduction in future energy costs. Pryor-Up estimates that the customer will reduce its energy usage by $509,000. The customer's actual energy reduction is $548,000. Obigations Sellng Price Consideration to Total Price % Consideration Consideration Total Print Done
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