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What will be the sewing machine company warranty expense

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Reference no: EM133005375

Question - A sewing machine company sells its hemming machine for $300.00 which includes a one-year warranty.

The warranty cost for each machine is $50.00.

During 2020, the sewing machine company sold 200 hemming machines and incurred $7500.00 on warranty repairs and in 2021, the company incurred warranty costs of $3200.00.

The sewing machine company uses the expense warranty accrual method.

What will be the sewing machine company warranty expense for 2021?

a) $2500.00

b) $700.00

c) $3200.00

d) $7500.00

Reference no: EM133005375

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