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At the beginning of 2018, Angel Corporation began offering a two-year warranty on its products....

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At the beginning of 2018, Angel Corporation began offering a two-year warranty on its products. The warranty program was expected to cost Angel 5% of net sales. Net sales made under warranty in 2018 were $219 million. Fifteen percent of the units sold were returned in 2018 and repaired or replaced at a cost of $4.80 million. The amount of warranty expense on Angel's 2018 income statement is 00:41:39 Multiple Choice $4.80 million. $32.85 million. $10.95 million. $14.35 million

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