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Metro Company reports the following information for March: (Click the icon to view the data.) Requirements Read the requirements. Requirement 1. Calculate the gross profit
Metro Company reports the following information for March: (Click the icon to view the data.) Requirements Read the requirements. Requirement 1. Calculate the gross profit and operating income for March using absorption costing. 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. Metro Company Income Statement (Absorption Costing) For the Month Ended March 31 Print Done Data Table - Operating Income Net Sales Revenue $ 68,050 Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 21,700 10,500 13,500 5,200 Print Done Done
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