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 $$1,910$ and sells the remote

separately for $$180,$ and offers the entire package for $$2,220.$ VP

does not sell the installation service separately. VP is aware that

other similar vendors charge $$230$ for the installation service. VP

also estimates that it incurs approximately $$180$ of compensation

and other costs for VP staff to provide the installation service.

VP typically charges $50\%$ above cost on similar sales. Required: $1.$

to $3.$ Calculate the stand$-$alone selling price of the installation

service using each of the following approaches: Adjusted Market

Assessment, Expected Cost Plus Margin, and Residual.