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Oksanka [162]
3 years ago
15

Analyzing and Computing Accrued Warranty Liability and Expense Waymire Company sells a motor that carries a 60-day unconditional

warranty against product failure. From prior years' experience, Waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. During the current period, Waymire sold 69,000 units and repaired 1,000 units. (a) How much warranty expense must Waymire report in its current period income statement
Business
1 answer:
Elenna [48]3 years ago
8 0

Answer:

the warranty expense reported is $138,000

Explanation:

a. The computation of the warranty expense that should be reported in its current period income statement is shown below:

= Given percentage × units sold × repair average cost

= 2% × 69,000 units × $100 per units

= $138,000

Hence, the warranty expense reported is $138,000

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Explanation:

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3 years ago
Match each type of tariff with an example of its use.
Anna35 [415]

a. revenue tariff----------------a 6% tariff on oranges to provide money for the government.


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6 0
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These clubs offer a diverse range of interests and subjects such as engineering, sketching and others and they are led by teachers from a school which is K-12 registered and powered.

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3 years ago
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