Variable Costing Income Statement The following data were adapted from a recent income statement of Procter & Gamble Company: (in millions) Sales $83,062 Operating costs: Cost of products sold $42,460 25,314 $67,774 $15,288 Marketing, administrative, and other expenses Total operating costs Income from operations Assume that the variable amount of each category of operating costs is as follows: Cost of products sold Marketing, administrative, and other expenses (in millions) $23,778 10,125 a. Based on the data given, prepare a variable costing income statement for Procter & Gamble Company, assuming that the company constant inventory levels during the period maintained Procter and Gamble Company Variable Costing Income Statement (assumed) (in millions) Sales