[Solved] Accorsi & Sons Specializes in Selling and Installing Upscale Home

Question 248
Essay

Accorsi & Sons specializes in selling 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 complete installation service,for $32,500.If sold separately,each of these goods and services would have cost $15,000 (projector),$12,500 (speakers),$17,500 (seats),and $3,000 (installation),respectively.
Required:,How much of the transaction price would be allocated to the projector,the speakers,the leather seats,and the installation service,assuming that each of these four parts of the contract is a separate performance obligation? Show your work.

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