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Budgets require considerable executive time.
Product Warranty Expense
Costs associated with the repair or replacement of faulty products that have been sold, under the terms of a product warranty.
Estimated Product
A provisional evaluation or calculation of a product's potential production costs, sales value, or impact on the market.
Warranty Expense
Costs associated with the commitment to repair or replace a product if it fails within a specified period.
Warranty Repairs
Services offered to repair or replace products free of charge that have been sold with a guarantee promising repair if necessary within a certain period.
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