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20 September, 08:02

Benitez co. had sales of $800,000 in 2016. the company expects to incur warranty expenses amounting to 3% of sales. there were $13,000 of warranty obligations paid in cash during 2016. based on this information:

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  1. 20 September, 09:16
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    Benitez co. incurred less than expected in warranty expenses by $11,000. Although, if you look at in another way, the provided information may be saying that $13,000 of it was paid in cash but they still owe or will pay another way, the remaining $11,000 which would equal the three percent total.
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