At the beginning of 2012 angel corporation began offering a

Reference no: EM13579314

At the beginning of 2012, Angel Corporation began offering a 1-year warranty on its products. The warranty program was expected to cost Angel 5% of net sales. Net sales made under warranty in 2012 were $210 million. Five percent of the units sold were returned in 2012 and repaired or replaced at a cost of $5.3 million. The amount of warranty expense on Angel's 2012 income statement is:

Reference no: EM13579314

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