19) Hopner Products enters into a contract with Tulles to sell three different products. The total transaction price is $370,000. Each of the products is a separate performance obligation. Based on the information presented in the table, what is the allocated transaction price of product Z using the expected-cost-plus-a-profit margin approach? (Round intermediary percentages to the nearest hundredth percent, and round your final answer to the nearest whole number.) Product X Y Z A) $159,390 B) $94,868 C) $123,333 D) $185,000 Standalone Price $150,000 $110,000 Not Available Market Price Forecasted Cost $130,000 $100,000 $160,000 $85,000 $100,000 $140,000
19) Hopner Products enters into a contract with Tulles to sell three different products. The total transaction price is $370,000. Each of the products is a separate performance obligation. Based on the information presented in the table, what is the allocated transaction price of product Z using the expected-cost-plus-a-profit margin approach? (Round intermediary percentages to the nearest hundredth percent, and round your final answer to the nearest whole number.) Product X Y Z A) $159,390 B) $94,868 C) $123,333 D) $185,000 Standalone Price $150,000 $110,000 Not Available Market Price Forecasted Cost $130,000 $100,000 $160,000 $85,000 $100,000 $140,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![19) Hopner Products enters into a contract with Tulles to sell three different products. The total
transaction price is $370,000. Each of the products is a separate performance obligation. Based
on the information presented in the table, what is the allocated transaction price of product Z
using the expected-cost-plus-a-profit margin approach? (Round intermediary percentages to the
nearest hundredth percent, and round your final answer to the nearest whole number.)
Product
X
Y
Z
A) $159,390
B) $94,868
C) $123,333
D) $185,000
Standalone Price
$150,000
$110,000
Not Available
Market Price Forecasted Cost
$130,000
$100,000
$160,000
$85,000
$100,000
$140,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1da1df28-532a-4534-872a-62c41e35c48b%2Fc43f7479-34e6-430e-b706-cf5375cea029%2F9mxsecs_processed.png&w=3840&q=75)
Transcribed Image Text:19) Hopner Products enters into a contract with Tulles to sell three different products. The total
transaction price is $370,000. Each of the products is a separate performance obligation. Based
on the information presented in the table, what is the allocated transaction price of product Z
using the expected-cost-plus-a-profit margin approach? (Round intermediary percentages to the
nearest hundredth percent, and round your final answer to the nearest whole number.)
Product
X
Y
Z
A) $159,390
B) $94,868
C) $123,333
D) $185,000
Standalone Price
$150,000
$110,000
Not Available
Market Price Forecasted Cost
$130,000
$100,000
$160,000
$85,000
$100,000
$140,000
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