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Regal Cinema regularly sells movie tickets, popcorn vouchers, and soft drink vouchers individually, thereby establishing the following standalone selling prices: Product Standalone Selling Price Movie
Regal Cinema regularly sells movie tickets, popcorn vouchers, and soft drink vouchers individually, thereby establishing the following standalone selling prices: Product Standalone Selling Price Movie ticket $10 Popcorn $5 Soft drink $4 Total $19 Customers can use a popcorn (soft drink) voucher to get popcorn (soft drink) for free. In addition, Regal Cinema regularly sells a popcorn voucher and a soft drink voucher together for $6. The popcorn voucher and the soft drink voucher sold in this bundle must be used together. Regal Cinema offers a FUN package including a movie ticker, a popcorn voucher and a soft drink voucher for $16. Determine the amount of revenue recognized from selling a movie ticket, a popcorn voucher, or a soft drink voucher in the FUN package if the movie ticker, the popcorn voucher, and a soft drink voucher in the FUN package can be used separately. (Please round your answer to two decimal places.)
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