Homework Answers
- First we need to find the percentage of each item in the
bundled product and use this % to find the actual cost of each in
total cost of the product
% of Equipment =90000/(90000+22500+37500)=60%
% of installation=22500/(90000+22500+37500)=15%
% of training=37500/(90000+22500+37500)=25%
Now total cost is $144,000
Amount of equipment=60%*144000=$86,400
Amount of installation=15%*144000=$21,600
Amount of training=25%*144000=$36,000
We consider only one month of training for Nov1 and rest amount is deferred
Amount of revenue recognized on Nov 1=86400+21600+(36000/3)=$120,000 - Unearned revenue=144000-120000=$24,000
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