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Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a unive staff. The installation includes programming the remote to
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a unive staff. The installation includes programming the remote to have the TV interface with other system. VP concludes that the TV, remote, and installation service are separate performan separately for $1,520, sells the remote separately for $95, and offers the installation servic sells for $1,800. Required: How much revenue would be allocated to the TV, the remote, and the installation service? Item Description Allocated Revenue TV Remote Installation Total revenue nsisting of a 60-inch plasma TV, a universal remote, and on-site ins note to have the TV interface with other parts of the customer's ho allation service are separate performance obligations. VP sells the or $95, and offers the installation service separately for $285. The ne remote, and the installation service? (Do not round intermediate
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