The furniture maker Ardoisine receives an order from a school for 85,000 covering desks, chairs and cabinets, three distinct performance obligations. Ardoisine commonly sells each category separately, at stand-alone selling prices of 15,000 for the desks, 45,000 for the chairs and 40,000 for the cabinets. It also permanently offers, and regularly sells, a chairs + cabinets package at 70,000. Determine the transaction price allocated to the desks and that allocated to the chairs and cabinets together.
- Order price
- 85,000
- Stand-alone selling price of the desks
- 15,000
- Stand-alone selling price of the chairs
- 45,000
- Stand-alone selling price of the cabinets
- 40,000
- Usual price of the chairs + cabinets package
- 70,000