The following data were adapted from a recent income statement of The Bluth Company: (in millions) Sales $205,290 Operating costs: Cost of products sold $(98,540) Marketing, administrative, and other expenses (65,690) Total operating costs $(164,230) Operating income $41,060 Assume that the variable amount of each category of operating costs is as follows: (in millions) Cost of products sold $55,430 Marketing, administrative, and other expenses 26,690 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.
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