Access the FASB Standards Codification at the FASB website ( asc. fasb. org ). Required: Determine the specific citation for accounting for each of the following items:

1. On what basis is a contract’s transaction price allocated to its performance obligations?

2. What are indicators that a promised good or service is separately identifiable from other goods and services promised in the contract?

3. Under what circumstances is an option viewed as a performance obligation?

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $