Salvadore inc a local retailer has provided the following

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Reference no: EM13572074

Nikkel Corporation, a merchandising company, reported the following results for July:

Sales	$433,000
Cost of goods sold (all variable)	$174,800
Total variable selling expense	$ 25,600
Total fixed selling expense	$ 15,100
Total variable administrative expense	$ 14,800
Total fixed administrative expense	$ 31,400

The contribution margin for July is:

	$171,300
	$386,500
	$217,800
	$258,200 2.

Salvadore Inc., a local retailer, has provided the following data for the month of September:

Merchandise inventory, beginning balance	$ 45,000
Merchandise inventory, ending balance	$ 45,600
Sales	$263,500
Purchases of merchandise inventory	$135,800
Selling expense	$ 19,700
Administrative expense	$ 60,900

The net operating income for September was:

	$127,700
	$128,700
	$49,900
	$47,700

Lettman Corporation has provided the following partial listing of costs incurred during November:


Marketing salaries	$	47,600
Property taxes, factory	$	14,600
Administrative travel	$	104,500
Sales commissions	$	55,300
Indirect labor	$	42,000
Direct materials	$	167,200
Advertising	$	145,300
Depreciation of production equipment	$	42,000
Direct labor	$	95,700

Required:

a.	What is the total amount of product cost listed above? (Omit the "$" sign in your response.)

Total product cost

b.	What is the total amount of period cost listed above? (Omit the "$" sign in your response.)

Total period cost

Reference no: EM13572074

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