Reference no: EM132927730

Question - Meyer Company reports the following information for March:

Net Sales Revenue $45,300

Variable Cost of Goods Sold 12,500

Fixed Cost of Goods Sold 11,800

Variable Selling and Administrative Costs 14,000

Fixed Selling and Administrative Costs 5,400

Requirements -

1. Calculate the gross profit and operating income for March using absorption costing.

2. Calculate the contribution margin and operating income for March using variable costing.