Excom sells radios and each unit carries a two-year replacement warranty. 5% of the radios sold typically need to be replaced costing Excom $30 per radio. During September, Excom sold 100 radios for $50 each. For what amount in September would Excomdebit Product Warranty Expense?
a. $50
b. $150
c. $30
d. $120
b
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Indicate whether each of the following statements is true or false.Relevant costs are frequently called avoidable costs._____Variable costs almost always are relevant to a decision, and fixed costs almost always are not relevant._____A variable cost is relevant to a decision only when it differs among the alternatives under consideration._____The benefit not received from an alternative not selected is an opportunity cost._____Opportunity costs are not relevant in decision making, but they can be used in evaluation of management performance._____
What will be an ideal response?
Differentiate between routing and scheduling.
What will be an ideal response?
Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $100,000. The asset is expected to have a salvage value of $20,000 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, Year 2 will be:
A. $36,000 B. $90,000 C. $54,000 D. $42,000 E. $16,000