Exercise 6-15 (Algo) Approaches for estimating stand-alone selling prices [LO6-6]Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VPstaff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainmentsystem. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TVseparately for $1,790, sells the remote separately for $120, and offers the entire package for $1,980. VP does not sell the installationservice separately. VP is aware that other similar vendors charge $170 for the installation service. VP also estimates that it incursapproximately $120 of compensation and other costs for VP staff to provide the installation service. VP typically charges 50% abovecost on similar sales.Required:1. to 3. Estimate the stand-alone selling price of the installation service using each of the following approaches.Adjusted market assessmentExpected cost plus marginResidualStand-Alone SellingPrice

The stand-alone price indicates a product's or service's fair market value when offered…

Video Planet (VP) sells a big screen TV package consil staff. The installation includes programming the remot system. VP concludes that the TV, remote, and installar separately for $1,790, sells the remote separately for $ service separately. VP is aware that other similar vend- approximately $120 of

Video Planet (VP) sells a big screen TV package consil staff. The installation includes programming the remot system. VP concludes that the TV, remote, and installar separately for $1,790, sells the remote separately for $ service separately. VP is aware that other similar vend- approximately $120 of

Pkg Acc Infor Systems MS VISIO CD

10th Edition

ISBN:9781133935940

Author:Ulric J. Gelinas

Publisher:Ulric J. Gelinas

Chapter17: Acquiring And Implementing Accounting Information Systems

Section: Chapter Questions

Problem 1SP

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