Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 23,000 units, and 3,500 units remain in ending finished goods inventory for May. Fixed overhead was $59,800. Variable selling and administration expenses were $45,000 and fixed selling and administrative expenses were $25,200. Sales (19,500 units) Cost of goods sold Gross profit Selling and administrative expenses Income $ 507,000 408,000 99,000 70,200 $ 28,800 Prepare an income statement using variable costing DION COMPANY Income Statement (Variable Costing) 0 UPIL Selling and administrative expenses Income you 70,299 $ 28,899 Prepare an income statement using variable costing. DION COMPANY Income Statement (Variable Costing) 0