Amount of warranty expense


The warranty program was expected to cost Angel 4% of net sales. Net sales made under warranty in 2010 were $180 million. Fifteen percent of the units sold were returned in 2010 and repaired or replaced at a cost of $5.3 million. The amount of warranty expense on Angel's 2010 income statement is ??

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Accounting Basics: Amount of warranty expense
Reference No:- TGS065449

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