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Rebert Party Company contracts with a customer to provide its birthday party package including a cake, balloons, and musical entertainment. It regularly sells the following
Rebert Party Company contracts with a customer to provide its birthday party package including a cake, balloons, and musical entertainment. It regularly sells the following products separate at the following standalone selling prices. (Click the icon for the standalone selling prices.) (Click the icon to view additional information.) Requirement How should Rebert Party allocate the transaction price to each product? How is each product allocated? Balloons Cake Standalone selling price Standalone selling price Musical Entertainment Contract discount on standalone selling price Hosting Contract discount on standalone selling price () Compute the allocated transaction price for each product. (Enter percentages to two decimal places. X.XX%. Round your answers to the nearest whole dollar. If a product does not have the contract discount allocated to it, leave the "Percentage of Standalone Selling Price" cells empty; do not enter a zero.) Percentage of Allocation of Standalone Transaction Equipment Selling Price Price Balloons % Cake % Hosting % Musical Entertainment % Total Data table Standalone Item Selling Price Balloons $ 85 Cake 57 Musical Entertainment Hosting 137 117 Help me solve this Etext pages Get more help Print Done More info Rebert Party also regularly bundles musical entertainment and hosting together for $184. Rebert Party signs a contract with a customer to provide balloons, a cake, musical entertainment and hosting a party for $326. Rebert Party determines that each product is a separate performance obligation. Print Done Great an VIDUA DHOWU
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