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Compute the allocated transaction price of the day pass

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Reference no: EM132830049

Topic - Allocating the Transaction Price

Summer Fun Park offers a promotion for free parking to customers who purchase a one day pass to enjoy thrill rides at its park plus two meal vouchers for a total of $75. Summer Fun Park sells each of the contract promises separately during the same timeframe for the following standalone prices: Day pass = $45, Parking = $20, and Two meal vouchers - $30.

Compute the allocated transaction price of the day pass, two meals, and parking for Summer Fun Park assuming the sale of 625 promotional packages on July 15, 2020. Round each allocated transaction price to the nearest whole dollar.

Reference no: EM132830049

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