Exercise 10-6A (Algo) Identifying product versus SG\&A costs LO 10-2, 103 A review of the accounting records of Vernon Manufacturing indicated that the company incurred the following payroll costs during the month of March. Assume the company's financial statements are prepared in accordance with GAAP. 1. Salary of the company president- $31.700. 2. Salary of the vice president of manufacturing- $16,700. 3. Salary of the chief financlal officet $18,500. 4. Salary of the vice president of marketing $16,600. 5. Salarles of middle managers (department heads, production supervisors) in manufacturing plant- $197,000. 6. Wages of production workers $946,000 7. Salarles of administrative secretaries $111,000. 8. Salaties of engineers and other personnel responsible for maintaining production equipment $180,000. 9. Commissions paid to sales staff- $250.000. Required a. What amount of payroll cost would be classified as SG\&A expense? b. Assuming that Vernon made 4,700 units of product and sold 4,230 of them during the month of March, determine the amount of payroli cost that would be included in cost of goods sold. (Do not round intermediote calculotions.)