Answer:
I looked for the missing information and found the following:
total contract price = $920,000
individual prices:
- machine = $800,000
- installation = $100,000
- training = $100,000
- total = $1,000,000
Maya should allocate each performance obligation in the same proportion as if they were sold separately:
- machine = ($800,000 / $1,000,000) x $920,000 = $736,000
- installation = ($100,000 / $1,000,000) x $920,000 = $92,000
- training = ($100,000 / $1,000,000) x $920,000 = $92,000
