Current Attempt in Progress Sunland Company offers a five-year warranty on its products. Sunland previously estimated warranty costs to be 3% of sales but in 2025 revised this estimate to 1% due to process and quality control improvements. Sunland reported warranty costs of $80700 on $2690000 of sales in 2023 and $95700 on $3190000 in 2024. Sales revenue for 2025 was $5190000. What is Sunland Company's warranty expense for 2025? O $176400 $51900 $0 $155700

Current Attempt in Progress Sunland Company offers a five-year warranty on its products. Sunland previously estimated warranty costs to be 3% of sales but in 2025 revised this estimate to 1% due to process and quality control improvements. Sunland reported warranty costs of $80700 on $2690000 of sales in 2023 and $95700 on $3190000 in 2024. Sales revenue for 2025 was $5190000. What is Sunland Company's warranty expense for 2025? O $176400 $51900 $0 $155700

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 10E

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