Requirement 1. Calculate the gross profit and operating income for March using absorption costing. | Milan Company Data table Income Statement (Absorption Costing) For the Month Ended March 31 $ 78,950 23,400 Net Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 12.100 13,500 4,900 III Print Done Operating Income Requirement 2. Calculate the contribution margin and operating income for March using variable costing. Milan Company Income Statement (Variable Costing) For the Month Ended March 31 Operating Income