Excom sells radios, and each unit carries a two-year replacement warranty. The cost to repair defects under the warranty is estimated at 5% of the sales price. During September, Excom sells 280 radios for $48 each. One radio is actually replaced during September. For what amount in September would Excom debit Product Warranty Expense? Round your answer to the nearest whole dollar. 

a. $48 

b. $672 

c. $24 

d. $13,440

Answer rating: 100% (QA)

Costect option is b 672 Explanaton No 1 ... View the full answer