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Find the amount of warranty expense

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Question - At the beginning of 2018, Angel Corporation began offering a two-year warranty on its products. The warranty program was expected to cost Angel 8% of net sales. Net sales made under warranty in 2018 were $202 million. Fifteen percent of the units sold were returned in 2018 and repaired or replaced at a cost of $4.40 million. Find the amount of warranty expense on Angel's 2018 income statement?

a. $30.30 million.

b. $16.16 million.

c. $19.56 million.

d. $4.40 million.

Reference no: EM132502809

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