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Question(s) / Instruction(s):

A company's products are sold with a one-year full warranty against any defect in the manufacture of the product. Sales for 2012 and 2013 are $731,000 and $854,000, respectively. The company's management estimates warrant claims to be 4.5% of annual sales. The company paid $30,150 and $38,290 in warranty costs in 2012 and 2013, respectively. 

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