Help Save & Exit Submit Check my work 1.63 9 points Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 23.200 units, and 3,600 units remain in ending finished goods inventory for May Fixed overhead was $69,600. Variable selling and administration expenses were $46.000 and fixed selling and administrative expenses were $25,400 Sales (19,600 units) 2234 eBook 588,000 490,000 98,000 71,400 $ 26,600 Cost of goods sold Gross profit Selling and administrative expenses Income Prepare an income statement using variable costing. DION COMPANY Income Statement (Variable Costing) Print Sales S 588,000 Less: Variable expenses Variable cost of goods sold $ 413,952 References Variable selling and administrative expenses 71,400 485,352 26,600 Contribution margin Less: Fixed expenses 69,600 Fixed overhead Fixed selling and administrative expenses 25,400 95,000 (68,400) Income