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Variable Costing Income Statement The following data were adapted from a recent income statement of Bluth Company: (in millions) Net sales $168,720 Operating costs: Cost
Variable Costing Income Statement
The following data were adapted from a recent income statement of Bluth Company:
(in millions) | ||
Net sales | $168,720 | |
Operating costs: | ||
Cost of products sold | $80,990 | |
Marketing, administrative, and other expenses | 53,990 | |
Total operating costs | $134,980 | |
Income from operations | $33,740 |
Assume that the variable amount of each category of operating costs is as follows:
(in millions) | ||||
Cost of products sold | $45,550 | |||
Marketing, administrative, and other expenses | 21,930 |
Based on the above data, prepare a variable costing income statement for Bluth Company, assuming that the company maintained constant inventory levels during the period.
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