ATTI Instructions X The following data were adapted from a recent income statement of Procter & Gamble Company 1 (in millions) 2 Sales $84857.00 5 Operating costs: 4 Cost of products sold $42.869100 5 Marketing, administrative, and other expenses 30,456.00 8 Total operating costs $73.375.0 7 Income from operations $11,542.00 Assume that the variable amount of each category of operating costs is as follows. 12 (in millions) 2 Cost of products sold $23.775.00 3 Marketing, administrative, and other expenses 12,215.00 Required: a. Based on the data given, prepare a variable costing income statement for Procter & Gamble Company, assuming that the company maintained constant inventory levels during the period. Refer to the lists of labels and Amount Descriptions for the exact wording of the answer choices for Instructions Labels and Amount Descriptions Variable Costing Income Statement ! Final Question Variable Costing Income Statement Shaded cells have feedback. Labels and Amount Descriptions Labels a Based on the data given prepare a variable costing income statement for Procter & Gamble Company, assuming that the company maintained constant inventory levels during the period. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required. If a net loss is incurred, enter that amount as a Fixed costs Amount Descriptions negative number using a minus sign. Contribution margin Contribution margin ratio Fixed manufacturing costs Question not attempted. Fixed marketing, administrative, and other expenses Procter & Gamble Company Score: 0786 Income from operations Variable Costing Income Statement (assumed) Loss from operations (in millions) Manufacturing margin Planned contribution margin 1 Sales 2 Sales mix 3 Total fixed costs 4 Variable cost of products sold 5 Variable marketing, administrative, and other expenses 6 (Label 7 2 9 10 I Points 07 19