Variable Costing Income Statement The following data were adapted from a recent income statement of The Procter \& Gamble Company (PG): Assume that the variable amount of each category of operating costs is as follows: 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 8 Gamble Company Variable Costing Income Statement (assumed) 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