Sunland Co. is a full-service manufacturer of surveillance equipment. Customers can purchase any combination of equipment, installation services, and training as part of Sunland's security services. Thus, each of these performance obligations are separate with individual standalone selling prices. Sandhill Inc. purchased cameras, installation, and training at a total price of $84,000. Estimated standalone selling prices of the equipment, installation, and training are $94,500, $7,350, and $3,150, respectively. How should the transaction price be allocated to the equipment, installation, and training? Equipment $ Installation $ Training $

Sunland Co. is a full-service manufacturer of surveillance equipment. Customers can purchase any combination of equipment, installation services, and training as part of Sunland's security services. Thus, each of these performance obligations are separate with individual standalone selling prices. Sandhill Inc. purchased cameras, installation, and training at a total price of $84,000. Estimated standalone selling prices of the equipment, installation, and training are $94,500, $7,350, and $3,150, respectively. How should the transaction price be allocated to the equipment, installation, and training? Equipment $ Installation $ Training $

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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