REM Manufacturing sells several products including products A and B. Total sale...
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REM Manufacturing sells several products including products A and B. Total sales for the year ending 30 June 2025, are $1,500,000 for product A, and $3,600,000 for product B. Both products are sold with a 12-month warranty covering parts and labour against faults.
Based on past experience, 3% of total sales of product A are claimed under warranty, and 5% of total sales of product B.
Calculate the total warranty provision for the
year for
Product A.Enter only digits, no dollar sign, no comma. e.g 32567 NOT $32,567Want instant access to all verified answers on learning.monash.edu?
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