Oriole Corporation's absorption costing system generated the following income statement for the year just ended, where it recognized no standard cost variances. Sales COGS Gross margin Operating expenses Operating income Sales Oriole sold 3,700 units this year after producing 4,100. Its variable operating cost is $0.40 per unit, while its variable manufacturing cost is $2.00 per unit. If management would like to see the same period's income statement recast under variable costing, what would that look like? (List variable expenses before fixed expenses.) COGS Operating Expenses Less V: Variable Expenses Contribution Margin Less: $21.275 Oriole Corporation Variable Costing Income Statement Manufacturing 12,950 8,325 7,225 $1,100 Operating Expenses Fixed Expenses Operating Income ||||