Multiple Choice
On October 10,2013,Printfast Company sells a commercial printer for $2,350 with a one-year warranty that covers parts.Warranty expense is projected to be 4% of sales.On February 28,2014,the printer requires repairs.The cost of the parts for the repair is $80 and Printfast pays their technician $150 to perform the repair.
-What warranty expense is recorded for this printer during 2014?
A) $14.00.
B) $84.80.
C) $94.00.
D) $0,there is no expense in 2014.
E) $230.00.
Correct Answer:
Verified
Correct Answer:
Verified
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