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Video Planet (VP) sells a big scteen TV package consisting of a 60 -inch Flasma TV, a universal remote, and on-site installation by VP staff.
Video Planet (VP) sells a big scteen TV package consisting of a 60 -inch Flasma 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 $1,435, selis the remote separately for $205, and offers the installation service separately for $410. The entire package selis for $1,950 Pequired: How much revenue would be allocated to the TV, the remote, and the installation service? Note: Do not round intermediate calculations. (8) Answer is complete but not entirely correct
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