Sook Calculator me following data were adapted from a recent income statement of The Procter & Gamble (in millions) Sales $65,058 Operating costs: Cost of products sold $(32,535) Marketing, administrative, and other expenses (18,568) Total operating costs $(51,103) Operating income $13,955 Assume that the variable amount of each category of operating costs is as follows: (in millions) Cost of products sold $19,500 Marketing, administrative, and other expenses 14,000 a. Based on the data given, prepare a variable costing income statement for Procter & Gamble, assu The Procter & Gamble Company Variable Costing Income Statement (assumed) (in millions) Sales Variable cost of products sold Manufacturing margin Variable marketing, administrative, and other expenses Contribution margin Fixed costs: Check My Work 3 more Check My Work uses remaining - saved a. Based on the data given, prepare a variable costing income statement for Procter & Gamble, assuming that the company maintained constant inventory levels during the period The Procter & Game Company Variable Costing Income Statement (assumed) (in millions) Variable cost of products sold Manufacturing margin Variable marketing, administrative, and other expenses Ted costs Farine If Procter & Gamble Company reduced its inventores during the period, then the cost of products sold would inventories. Thus, the total fund costs of products sold on the absorption costing income statement would be