This is Bananas! Co. signs a contract to provide three different products to a customer for a total transaction price of $750,000. Each product represents a separate performance obligation. This is Bananas! Co. only sells two of the three products on an individual basis so it must estimate the standalone selling price for the third product. This is Bananas! Co.s cost accountants are able to forecast the cost of each product. This is Bananas! Co. has also scanned its competitors prices to determine their prices. The information about these three products is provided in the following table:

Product	Standalone Selling Price	Forecasted Cost	Market Competition Price
A	$250,000	$125,000	$240,000
B	$450,000	$200,000	$365,000
C	Not Available	$50,000	$100,000
Total		$375,000	$705,000

15. What is the standalone selling price of product C using the expected cost plus margin approach?

Group of answer choices

a) $50,000

b) $100,000

c) $25,000

d) $106,383

16. What is the standalone selling price of product C using the market assessment approach?

Group of answer choices

a) $50,000

b) $100,000

c) $25,000

d) $106,383

17. What is the standalone selling price of product C using the residual approach?

Group of answer choices

a) $50,000

b) $100,000

c) $25,000

d) $106,383

Use the following information to answer questions 15-17: This is Bananas! Co. signs a contract to provide three different products to a customer for a total transaction price of $750,000. Each product represents a separate performance obligation. This is Bananas! Co. only sells two of the three products on an individual basis so it must estimate the standalone selling price for the third product. This is Bananas! Co.'s cost accountants are able to forecast the cost of each product. This is Bananas! Co. has also scanned its competitors' prices to determine their prices. The information about these three products is provided in the following table