Now let's prepare the contribution margin (variable costing) income statement for See it for the year. See It Data Table X Contribution Margin (Variable Costing) Income Statement For the Year Ended December 31 Sales revenue 8,858,000 Less: Variable expenses Variable cost of goods sold $ 4,944,000 1,442,000 Variable operating expenses Contribution margin Sales price $ 43 Variable manufacturing expense per unit ... $ 24 Sales commission expense per unit $ Fixed manufacturing overhead. $ 1.980.000 Fixed operating expenses. 235,000 Number of goggles produced. 220,000 Number of goggles sold 206.000 2.472.000 Less: Fixed expenses Fixed manufacturing overhead 1.980.000 Fixed operating expenses 235,000 Operating income 257,000 Print Done Requirement 2. Which statement shows the higher operating income? Why? Absorption costing operating income is higher than variable costing operating income. This is because absorption costing defers $ 126,000 of fixed manufacturing overhead as an asset in ending inventory. In contrast, variable costing expenses all of the fixed manufacturing overhead during the year. th Variable costing expenses $ costs during the year, so variable costing operating income is $ than absorption costing income the year. less Choose from any list or enter any number in the input fiel more n click Check