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i Requirements - X 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 1 X Data Table Net Sales Revenue $ 53,500 Variable Cost of Goods Sold 16,700 11,300 Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 16,500 3,800 Print Done Maynard Company reports the following information for March: (Click the icon view the data.) Read the requirements Requirement 1. Calculate the gross profit and operating income for March using absorption costing, 53500 Maynard Company Income Statement (Absorption Costing) For the Month Ended March 31 Net Sales Revenue Cost of Goods Sold: Variable Cost of Goods Sold 167600 Fixed Cost of Goods Sold 11300 Gross Profit Selling and Administrative Costs: Variable Selling and Administrative Costs 16500 Fixed Selling and Administrative Costs 178900 125400 3800 20300 145700 Operating Income Choose from any list or enter any number in the input fields and then click Check