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  3. variable costing income statement the following da

Variable Costing Income Statement The following data were adapted from a recent income statement of...

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Accounting

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Variable Costing Income Statement The following data were adapted from a recent income statement of Bluth Company: (in millions) Sales $221,020 Operating costs: Cost of products sold $106,090 70,730 $176,820 $44,200 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 (in millions) Cost of products sold Marketing, administrative, and other expenses $59,680 28,730 a. Based on the data given, prepare a variable costing income statement for Bluth Company, assuming that the company maintained constant inventory levels during the period. Bluth Company Variable Costing Income Statement (assumed) (in millions)

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