Answer:
Given:
The total transaction price for the sale of the stereo system and the extended warranty is $3,000.
The standalone price of each is $2,300 and $900, respectively.
The estimated cost of the assurance-warranty is $350.
Here, in this case the warranty expenses against sale of stereo is on basis of expected expenses
.
Expected expenses in future is for certainty and sum collected against this expenses. Therefore, $ 900 is gathered under assurance-warranty while no cost is incurred. Therefore, they will credit the unearned warranty revenue of $ 900
<u><em>Option (4) is correct.</em></u>
Answer:
The question is missing the figures required to compute of goods manufactured and costs of goods sold
I have the details missing in the excel file attached.
Costs of goods manufactured=$232000
Costs of goods sold=$224,000
Explanation:
Find the detailed calculations in the attached.
No it’s still a 50/50 chance the product will even do good once it’s on the shelf because of its competitors