Variable and Absorption Costing-Service Company Jensen's Tailoring provides custom tailoring services. After the company's first year of operations, its owner prepared the following summarized data report for 2016 Sales (500 completed jobs) $200,000 Tailoring costs (550 jobs) Direct labor 94,000 Manufacturing overhead Variable 24,000 Fixed 18,000 Operating expenses Variable 11,200 Fixed 11,600