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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 staft. The

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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 staft. 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 $1,575. sells the remote separately for $225, and offers the installation service separately for $450 The entire package sells for $2,150 Required: How much revenue would be allocated to the TV, the remote, and the installation service? (Do not round intermediate calculations.) Item Description Allocated Revenue TV Romoto Installation Total revenue $ 0

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