anson Company prepares an income statement for financial accounting purposes using the traditional income statement format, as well as an income statement for managerial accounting purposes using the contribution margin format. Selected information from both income statement formats are as follows:

Revenues $ 200,000

Cost of goods sold $ 40,000

Contribution margin ratio 50 %

Operating expenses $ 120,000

Fixed expenses $ 60,000

Using the contribution margin format, variable expenses are: