Clarita's Foods produces frozen meals that it sells for $6 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Clarita's Foods's first month in business EEB (Click the icon to view the data.) Data Table Read the requirements Requirement 1. Compute the product cost per meal produced under absorption costing and under variable costing. (Round your answers to the neare January 2018 January 2018 Absorption Variable Units produced and sold: 950 meals 1,150 meals Sales costing Production Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhead Total fixed selling and administrative costs costing Total product cost per meal Requirement 2a. Prepare Clarita's Foods's January income statement using absorption costing. 690 Clarita's Foods Income Statement (Absorption Costing) Month Ended January 31, 2018 450 PrintDone