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ason's Meals produces frozen meals, which it sells for $8 each. The company uses the FIFO inventory costing method, and it computes a new monthly
ason's Meals produces frozen meals, which it sells for $8 each. The company uses the FIFO inventory costing method, and it computes a new monthly fixe nanufacturing overhead rate based on the actual number of meals produced that month. All costs and production levels are exactly as planned. The followi om the company's first two months in business (Click the icon to view the data.) equirements Compute the product c . Prepare separate month a. Absorption costing ebruary Data Table b. Variable costing Is operating income hig absorption costing ve rating income b January 1,100 meals 1,500 meals February 1,300 meals 1,200 meals Requirement 1. Compute and then for Fe Variable manufacturing expense per meal... . . . . . . $ Sales commission expense per meal. .. . . . . . $ Total fixed manufacturing overhead . . . . . . . . . . . $900 Total fixed marketing and administrative expenses. .. . . $ $900 Total product cost 500 500 equirement 2a. Prepare Print Done Income Month Ended
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