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Answer the following question(s) using the information below:
The Appliance Store sells a refrigerator and a freezer as a single package for $1,000.Other data are in the chart below.
-Using the stand-alone method with stand-alone product revenues as the weight for revenue allocation, what amount will be allocated to the refrigerator?
Life Insurance Premiums
The payments made to an insurance company in exchange for life insurance coverage, which can sometimes be tax-deductible.
Standard Deduction
A fixed amount that reduces the income subject to tax, available to taxpayers who do not itemize deductions.
Dependent
A person who relies on another, usually a family member, for financial support and qualifies for certain tax benefits.
Part-Time Job
Employment with fewer hours per week than a full-time job, often offering less benefits and lower wage compared to full-time positions.
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