A company enters into a contract to supply three distinct products to a customer. The supply of each of these products is regarded as a separate performance obligation. The stand-alone prices of the three products (if sold separately) are:

• Product X: R12500
• Product Y: R24000
• Product Z: R27500

 The agreed contract price is R57600. How should this price be allocated to the performance obligations?

All the prices above exclude VAT.

 (3 Marks)

Answer:

Product X: R

Product Y: R

Product Z: R

Note: Enter only the amount (do not show your calculation, and do not make use of spaces, full-stops, commas or R-signs). Example: 74000