E21-13 Using absorption and variable costing Learning Objectives 1, 2 2. CM $18,800 Meyer Company reports the following information for March: Net Sales Revenue $ 45,300 Variable Cost of Goods Sold 12,500 Fixed Cost of Goods Sold 11,800 Variable Selling and Administrative Costs 14,000 Fixed Selling and Administrative Costs 5,400 Requirements Calculate the gross profit and operating income for March using absorption costing. Calculate the contribution margin and operating income for March using variable costing