are exactly alerned. The following data are from Mangart's Margarita's Faada produces frozen meal that it sels for $12 each. The company computea a now monthly fixed manufacturing overhead alocation rate based on the planned number of meals to be produced that month. Assume All casts and anoduction low Foods's first month in business: SEB (Cick the ican la view the data) Reed the Requirement 1. Compute the product sast per mealandussed under absorption coating and under variable scaling (Round your answer to the nearest cent.) January 2018 Absorption Vanatle casting cosing Total product cat par 5.54 i Data Table Requirement 2a. Prepare Margarla's Foods's January come statement using absorptun bosling Margarita's Foods Income Statement (Absorption Costing) Month Ended January 31, 2018 January 2018 Units rocked and weld 1.000 mees 1,400 moals Operating Income Production Variable manufacturing Boot per meal Salos comisiones per meal Total fixed manufacturing overhead Total l ing and Admin 750 Requirement 2b. Prepare Mergarta's Foods's January income staroment using variable coating Margarita's Foods Income Statement Variable Costing Month Ended January 31, 2018 Print Dens Operating Income Requirement 3. la operating income higheruwer scorpion scaling er variable casting in January? in January, amorption calling operating income variabic casting operating Incore