Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 21,200 units, and 2,600 units remain in ending finished goods inventory for May. Fixed overhead was $63,600. Variable selling and administration expenses were $36,000 and fixed selling and administrative expenses were $17,400. Sales (18,600 units) Cost of goods sold Gross profit Selling and administrative expenses Income $ 465,000 387,000 78,000 53,400 $ 24,600 Prepare an income statement using variable costing. 465,000 DION COMPANY Income Statement (Variable Costing) Sales Less: Variable expenses Variable cost of goods sold Variable selling and administrative expenses 36,000 36,000 Contribution margin 0