9 Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 20,800 units, and 2,400 units remain in ending finished goods inventory for May. Fixed overhead was $72,800. Variable selling and administration expenses were $34,000 and fixed selling and administrative expenses were $15,200. 3 points Skipped Sales (18,400 units) Cost of goods sold Gross profit Selling and administrative expenses Income $ 460,000 386,000 74,000 49,200 $ 24,800 eBook Prepare an income statement using variable costing. Print References DION COMPANY Income Statement (Variable Costing) 0 0