Jamison Company Uses IFRS for Its Financial Reporting $\bullet$ 3,000 Units Were Sold During the Year

question 79

Multiple Choice

Jamison Company uses IFRS for its financial reporting. It produces machines that sell globally. All sales are accompanied by a one-year warranty. At the end of the year, the company has the following data: $\bullet$ 3,000 units were sold during the year. $\bullet$ The trend over the past five years has been that 4% of the machines were defective in some way and had to be repaired. Of this 4%, half required a full replacement at a cost of $3,000 per unit and half were able to be repaired at an average cost of $300.What is the expected value of the warranty cost provision?

• A) $360,000
• B) $198,000
• C) $396,000
• D) $180,000

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Comprehend the challenges and debates around governance, inclusivity, and rights in early American society.

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