Moving to another question will save this response. Question 3 Bahrain Company reported the following costs and expenses for the most recent month: Direct materials $80,000 Direct labor . $42,000 Manufacturing overhead (3/5 is fixed) . ..... $50,000 Selling expenses (1/2 is variable). $22,000 Administrative expenses (all fixed) . ...... . $35,000 If the sales were $200,000 1 - Compute the followings: A - The total variable costs. B - Cost of Goods Sold. 2 - Prepare: A - Income statements according to traditional approach. B - Income statements according to contribution margin approach. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt V E V