Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 24.000 units, and 4.000 units remain in ending finished goods inventory for May. Fixed overhead was $48.000. Variable selling and administration expenses were $50,000 and fixed selling and administrative expenses were $30,000. Sales (20,800 units) $ 480, eee Cost of goods sold 380,00 Gross profit 189, eee Selling and administrative expenses 80,000 Income $ 20,eee Prepare an income statement using variable costing. DION COMPANY Income Statement (Variable Costing) 0 0