Question 5 of 5 < View Policies Current Attempt in Progress Metlock manufactures and sells computers for $2,300 each, with a two-year parts and labour warranty. Based on prior experience, the company expects, on average, to incur warranty costs equal to 5% of sales. The business reports the following sales and warranty cost Information: Sales (units) Actual Warranty Costs 2022 550 $27,500 2023 620 49,300 2024 675 55,400 (a) Calculate the warranty expense for each year. Warranty expense 2022 $ 2023 $ 2024 eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer