eBook Calculator Variable Costing Income Statement The following data were adapted from a recent income statement of The Bluth Company: (in millions) Sales $194,580 Operating costs: Cost of products sold $(93,400) Marketing, administrative, and other expenses (62,270) Total operating costs $(155,670) Operating income $38,910 Assume that the variable amount of each category of operating costs is as follows: (in millions) Cost of products sold Marketing, administrative, and other expenses $52,540 25,300 a. Based on the data given, prepare a variable costing Income statement for Bluth, assuming that the company maintained constant inventory levels during the period. The Bluth Company Variabi Variable Costing Income Statement (assumed) a. Based on the data given, prepare a variable costing income statement for Bluth, assuming that the company maintained constant inventory levels during the period. The Bluth Company Variable Costing Income Statement (assumed) (in millions) 3 Sales $ 194,580 Variable cost of products sold 52,540 Manufacturing margin 142,040 Variable marketing, administrative, and other expenses | 25,300 Contribution margin $116,740 Fixed costs: Fixed manufacturing costs Fixed marketing, administrative, and other expenses Total fixed costs Operating income