Accorsi complete installation $12,500 (speakers), seling and installing upscale

Question

Accorsi complete installation $12,500 (speakers), seling and installing upscale home theater systems. On March 1, 2016, Accorsi sold a premium home theater package that includes a projector, set of surround speakers, and high quality leather seats, along with service, for $32,500. If sold separately, each of these goods and services would have cost $15,000 (projector,S S17,500 (seats), and $3,000 (installation), respectively Required, How much of the transaction price would be allocated to the projector,the speakens,the leather seats, and he msdal service, assuming that each of these four parts of the contract is a separate performance obligation? Show your work-(a po ints)

Explanation / Answer

Item Standalone selling price $ Percent of total standalone value Allocated transaction price $ Projector 15000 31.25% 10156.25 Speakers 12500 26.04% 8463.54 Seats 17500 36.46% 11848.96 Installation 3000 6.25% 2031.25 48000 32500

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