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

Data table

Net Sales Revenue

Variable Cost of Goods Sold

Fixed Cost of Goods Sold

Variable Selling and Administrative Costs

Fixed Selling and Administrative Costs

$$,64,250$

$14,360$

$8,400$

$16,000$

$3,500$