Print Item Varlable Costing Income Statement The following data were adapted from a recent income statement of Bluth Company: in millions) $273,110 Sales Operating costs: $131,090 87,400 $218,490 $54,620 Cost of products sold Marketing, administrative, and other expenses Total operating costs Income from operations Assume that the variable amount of each category of operating costs is as follows: (in millions) $73,740 35,500 Cost of products sold Marketing, administrative, and other expenses a. Based on the data given, prepare a variable costing income statement for Bluth Company, assuming that the company maintained constant inventory levels during the period Bluth Company Variable Costing Income Statement (assumed) Check My Work 5 more Check My Work uses remaining Previous Next 4:08 PM 3/29/2019 earch dt 99+ 25 a. Based on the data given, prepare a variable costing income statement for Bluth Company, assuming that the company maintained constant inventory levels during the period. Bluth Company Variable Costing Income Statement (assumed) (in millions) Fixed costs: Check My Work 5 more Check My Work uses remaining Previous Next 4:08 PM 3/29/2019 25 in millions) Fixed costs: b. If Bluth Company reduced its inventories during the period, what impact would that have on the income from operations determined under absorption costing? v fixed costs allocated to the beginning If Bluth Company reduced its inventories during the period, then the cost of products sold would inventories. Thus, the total fixed costs of products sold on the absorption costing income statement would be operations would be and the income from Previous Nesxt Check My Work 5 more Check My Work uses remaining rch 4:08 PM