Question: Current Attempt in Progress Crane Inc. began selling game consoles on November 1, 2024. The company offers a 60-day warranty for defective merchandise. Based

Current Attempt in Progress Crane Inc. began selling game consoles on November 1, 2024. The company offers a 60-day warranty for defective merchandise. Based

Current Attempt in Progress Crane Inc. began selling game consoles on November 1, 2024. The company offers a 60-day warranty for defective merchandise. Based on past experience with other similar products, Crane estimates that 2.60% of the units sold will become defective in the warranty period, and that the average cost of replacing or repairing a defective unit is $24. In November, Crane sold 43,000 units and 530 defective units were returned. In December, Crane sold 34,000 units and 840 defective units were returned. The actual cost of replacing the defective units was $26,304.

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