A company enters into a contract to sell 50 products to a customer for $30 each. After the company transfers 30 of the 50 products, the customer wants an additional 25 products. The contract is modified and the additional 25 products are priced at $15 each, a price that is not reflective of the standalone selling price. What is the price per product for the remaining 45 products (20 products from the original contract and 25 products from the modification)? $30 for the remaining 20 products from the original contract and $15 for the additional 25 products from the modification. $22.50, the blended price for the remaining products. $21.67, the blended price for the products from the original contract and the modification. O $15, the price for the products specified in the contract modification.

A company enters into a contract to sell 50 products to a customer for $30 each. After the company transfers 30 of the 50 products, the customer wants an additional 25 products. The contract is modified and the additional 25 products are priced at $15 each, a price that is not reflective of the standalone selling price. What is the price per product for the remaining 45 products (20 products from the original contract and 25 products from the modification)? $30 for the remaining 20 products from the original contract and $15 for the additional 25 products from the modification. $22.50, the blended price for the remaining products. $21.67, the blended price for the products from the original contract and the modification. O $15, the price for the products specified in the contract modification.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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