Variable Costing Income Statement The following data were adapted from a recent income statement of The Bluth Company: (in millions) Sales $260,560 Operating costs: Cost of products sold $(125,070) Marketing, administrative, and other expenses (83,380) Total operating costs $(208,450) Operating income $52,110 Assume that the variable amount of each category of operating costs is as follows: (in millions) Cost of products sold $70,350 Marketing, administrative, and other expenses 33,870

a. Based on the data given, prepare a variable costing income statement for Bluth, assuming that the company maintained constant inventory levels during the period.

The Bluth Company
Variable Costing Income Statement (assumed)
(in millions)
Sales		$fill in the blank 8fc1c7fc300cfb1_2
Variable cost of products sold		fill in the blank 8fc1c7fc300cfb1_4
Manufacturing margin		$fill in the blank 8fc1c7fc300cfb1_6
Variable marketing, administrative, and other expenses		fill in the blank 8fc1c7fc300cfb1_8
Contribution margin		$fill in the blank 8fc1c7fc300cfb1_10
Fixed costs:
Fixed manufacturing costs	$fill in the blank 8fc1c7fc300cfb1_12
Fixed marketing, administrative, and other expenses	fill in the blank 8fc1c7fc300cfb1_14
Total fixed costs		fill in the blank 8fc1c7fc300cfb1_16
Operating income		$fill in the blank 8fc1c7fc300cfb1_18