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A company has a selling price of $1,450 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts.

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A company has a selling price of $1,450 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts. It is estimated that 3% of all printers sold will be returned under the warranty at an average cost of $143 each. During November, the company sold 23,000 printers, and 330 printers were serviced under the warranty. What is the company's Warranty expense for the month of November? Multiple Choice $20,500 $47190 $49,335 $98.670 $45.000

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