Exam 1 Help Save &Exit Subit 2 inarski Electronics seils computers and provides

Question

Exam 1 Help Save &Exit Subit 2 inarski Electronics seils computers and provides herdware maintenance services On April 1st, Minarski sold a package deel containing a computer and one year unimited mentenancehepor service for tho computer ote bunde price of $1,0000e separatety, tho computer costs $894 and tho one. year unimted maintenance/repair service costs $306. How much revenue does Minarski Electronics recognize for the month ended Apri 30h, nssuming that revenue is accrued monthly Multiple Choice $25.50 1000 64 25 99 50

Explanation / Answer

Answer: $766.25

Revenue recognized for the month ended April 30th = $745 + ($255/12) = $745 + $21.25 = $766.25

Item Standalone selling price $ Allocation of bundled price $ Computer 894 745 ($1000 x 894/1200) Maintenance/repair service 306 255 ($1000 x 306/1200) Total $ 1200 1000

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