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A company has a selling price of $1650 each for its printers. Each printer has a two year warranty that covers replacement of defective parts.
A company has a selling price of $1650 each for its printers. Each printer has a two year warranty that covers replacement of defective parts. it is estimated that 3% of all printer sold will be returned under the warranty at an average cost of $147 each. during November, the company sold 27,000 printers, and 370 printers were serviced under the warranty at a total cost of $52,000 the balance in the estimated warranty liability account at November 1 was 27,500 what is the companies warranty expense for the month of November
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