In 20x1, stevens corp. began a new product line of wearable technology that carries a 24-month warranty against manufacturer defects. based on industry experience, stevens expects warranty costs to be an amount equal to approximately 9% of total sales dollars. during 20x1, new sales of this technology totaled $3,000,000. the costs incurred to satisfy warranty claims in 20x1 was $95,000. required: answer the following two questions.

a. what should stevens report as the"warranty expense' balance on its 20x1 income statement?
b. what should stevens report as the warranty liability. balance on its balance sheet at 12/31/x1?

Allen's office department manufactures computer desks in its​ moosejaw, saskatchewan, plant. the company uses activity based costing to allocate all manufacturing conversion costs​ (direct labour and manufacturing​ overhead). its activities and related data​ follow: ​(click the icon to view the activity areas and related​ data.) requirements 1. compute the​ per-unit manufacturing product cost of standard desks and unpainted desks. 2. premanufacturing​ activities, such as product​ design, were assigned to the standard desks at $ 5 each and to the unpainted desks at $ 2 each. similar analyses were conducted of postmanufacturing​ activities, such as​ distribution, marketing, and customer service. the postmanufacturing costs were $ 31 per standard and $ 26 per unpainted desk. compute the full product costs per desk. 3. which product costs are reported in the external financial​ statements? which costs are used for management decision​ making? explain the difference. 4. what price should allen's managers set for standard desks to earn a $ 52 profit per​ desk?