During April, Koduck Cameras sold 250 instant cameras for $200 each. Each camera had cost Koduc $100
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Question:
During April, Koduck Cameras sold 250 instant cameras for $200 each. Each camera had cost Koduc $100 to manufacture, and carried a one-year warranty. If 6% typically need to be replaced over the warranty period, and twelve are actually replaced during April, for what amount in April should Koduck debit Product Warranty Expense?
a. $2,400
b. $1,200
d. $1,500
c. $4,800
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