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Using absorption and variable costing Meyer Company reports the following information for March: Net Sales Revenue $45,300 Variable Cost of Goods Sold 12,500 Fixed Cost

Using absorption and variable costing

Meyer Company reports the following information for March:

Net Sales Revenue $45,300
Variable Cost of Goods Sold 12,500
Fixed Cost of Good Sold 11,800
Variable Selling and Administrative Costs 14,000
Fixed Selling and Administrative Cost 5,400

  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

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