20# The Great Bear Lodge is a hotel with an adjoining indoor waterpark and indoor minature golf center. The hotel sells packages which include overnight hotel stays with waterpark passes and minature golf passes. The hotel also has a plicy of selling daily passes to the indoor waterpakr and daily passes to the indoor minature golf center (in other words people do not need to stay at the hotel to use the indoor waterpark or indoor minature golf center.) Hotel guests may also choose to reserve just a hotel room without purchasing the waterpark or minature golf center passes. Great Bear Lodge is offering an incentive for the month of April. They are offering a package in which guests who reserve an overnight stay with the waterpark pass package will receive a free pass to the minature golf center. The total price for this package is $225 per night. The typical pricing for each of these sold independently are: One night hotel stay: $180, Daily Waterpark pass: $90, Minature Golf Pass: $30 Assume Great Bear Lodge sells 2,000 of the hotel/waterpark/minature golf packages by April 30, 2021. Compute the allocation of the total transaction price (based upon sales of 2,000 packages) to each of the performance obligations. Fill in the allocated amount for each performance obligation in the blanks below: Amount Allocated to Hotel Room: (do not use dollar signs, commas or decimals in your answer) Amount allocated to Waterpark Pass: (do not use dollar signs, commas or decimals in your answer) Amount allocated to Minature Golf: (do not use dollar signs, commas or decimals in your answer)
20#
The Great Bear Lodge is a hotel with an adjoining indoor waterpark and indoor minature golf center. The hotel sells packages which include overnight hotel stays with waterpark passes and minature golf passes. The hotel also has a plicy of selling daily passes to the indoor waterpakr and daily passes to the indoor minature golf center (in other words people do not need to stay at the hotel to use the indoor waterpark or indoor minature golf center.) Hotel guests may also choose to reserve just a hotel room without purchasing the waterpark or minature golf center passes.
Great Bear Lodge is offering an incentive for the month of April. They are offering a package in which guests who reserve an overnight stay with the waterpark pass package will receive a free pass to the minature golf center. The total price for this package is $225 per night. The typical pricing for each of these sold independently are: One night hotel stay: $180, Daily Waterpark pass: $90, Minature Golf Pass: $30
Assume Great Bear Lodge sells 2,000 of the hotel/waterpark/minature golf packages by April 30, 2021.
Compute the allocation of the total transaction price (based upon sales of 2,000 packages) to each of the performance obligations. Fill in the allocated amount for each performance obligation in the blanks below:
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