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Required information [The following information applies to the questions displayed below] Great American Oilchange (GAO)...

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Accounting

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Required information [The following information applies to the questions displayed below] Great American Oilchange (GAO) sells a combined oil change service and parts package for $46. A customer who supplies the parts (oil and filter) is charged $36 for only the service, whereas a customer who buys only the oil and filter for do-it-yourself use) is charged $36 for the parts. The parts cost GA0 $30. Required: 1. Determine the dollar amount of revenue from the oil change service versus the sale of parts for each combined oil change package TIP: To calculate the percentage of the combined package that relates to the service, divide the stand-alone selling price of the service by the combined stand-alone selling prices of both the service and parts. Allocated Transaction Price Parts Service

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