Variable Costing Income Statement The following data were adapted from a recent income statement of The Bluth Company: Sales Operating costs: (in millions) $242,810 Cost of products sold $(116,550) Marketing, administrative, and other expenses (77,700) Total operating costs $(194,250) $48,560 Operating income 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) $65,560 31,570 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 Variable cost of products sold Manufacturing margin Variable marketing, administrative and other expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed marketing, administrative and other expenses Total fixed costs -V Operating incom 00000 00 00