Video Planet $($VP$)$ sells a big screen TV package consisting of a $60-$inch plasma TV$,$ a universal remote, and on$-$site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV$,$ remote, and installation service are separate performance obligations. VP sells the $60-$inch TV separately for $$1,750$ and sells the remote separately for $$100,$ and offers the entire package for $$1,900.$ VP does not sell the installation service separately. VP is aware that other similar vendors charge $$150$ for the installation service. VP also estimates that it incurs approximately $$100$ of compensation and other costs for VP staff to provide the installation service. VP typically charges $40\%$ above cost on similar sales.

Required:

to $3.$ Calculate the stand$-$alone selling price of the installation service using each of the following approaches.

$\backslash$table$[[,\backslash$table$[[$Stand$-$Alone$],[$Selling Price$]]],[$Adjusted market assessment,$],[$Expected cost plus margin,$],[$Residual$,]]$