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URGENT!!! Milan Company reports the following information for March: E (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate the gross
URGENT!!!
Milan Company reports the following information for March: E (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate the gross profit and operating income for March using absorption costing. Data table Milan Company Income Statement (Absorption Costing) For the Month Ended March 31 Net Sales Revenue 68,180 24,500 8,400 Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 15,500 6,200 Print Done Operating Income Requirement 2. Calculate the contribution margin and operating income for March using variable costing. Requirement 2. Calculate the contribution margin and operating income for March using variable costing. Milan Company Income Statement (Variable Costing) Data table For the Month Ended March 31 Net Sales Revenue 68,180 Variable Cost of Goods Sold 24,500 8,400 Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 15,500 6,200 Print Done Operating IncomeStep by Step Solution
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