Meyer Company reports the following information for March: (Click the icon to view the data.)...
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Meyer Company reports the following information for March: (Click the icon to view the data.) Read the requirements Requirement 1. Calculate the gross profit and operating income for March using absorption costing. Meyer Company Income Statement (Absorption Costing) For the Month Ended March 31 Data table Net Sales Revenue $ 45,300 Variable Cost of Goods Sold Fixed Cost of Goods Sold 12,500 11,800 14,000 5,400 Variable Selling and Administrative Costs Fixed Selling and Administrative Costs Operating Income Print Done 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 Print Done
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