manaergial accounting solutions.

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

Sales	$433,000
Cost of goods sold (all variable)	$176,100
Total variable selling expense	$  26,700
Total fixed selling expense	$  19,700
Total variable administrative expense	$  8,700
Total fixed administrative expense	$  37,300

The contribution margin for July is:

	$376,000
	$164,500
	$221,500
	$256,900

Sales		$433,000
Variable expenses:
Cost of goods sold	$176,100
Variable selling expense	26,700
Variable administrative expense	8,700	211,500
Contribution margin		$221,500