Bahrain Company reported the following costs and expenses for the most recent month: Direct materials .$80,000 Direct labor.. $42,000 Manufacturing overhead (3/5 is fixed).. $50,000 Selling expenses (1/2 is variable).. $22,000 Administrative expenses (all fixed).. $35,000 If the sales were $200,000 1-Compute the followings: A-The total variable costs. B-Cost of Goods Sold 2-Prepare: A-Income statements according to traditional approach. B-Income statements according to contribution margin approach. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt >