Data table Clarita's Foods produces frozen meals that it sells for $6 each. The company computes a new monthly manufacturing overhead allocation rate based on the planned number of meals to be produced that mon costs and production levels are exactly as planned. The following data are from Clarita's Foods's first mo in business: (Click the icon to view the data.) Read the requirements, Operating Income Requirement 2b. Prepare Clarita's Foods's January income statement using variable costing Requirement 3. Is operating income higher under absorption costing or variable costing in January? Is for \$6 each. The company computes a new monthly fixed the planned number of meals to be produced that month. A d. The following data are from Clarita's Foods's first month Contribution Margin Cost of Goods Sold Fixed Costs Gross Profit Net Sales Revenue Jary income statement using variable costing. Selling and Administrative Costs Variable Costs Operating Income Requirement 3 . Is operating income higher under absorption costing or variable costing in January? Clarita's Foods produces frozen meals that it sells for $6 each. The company computes a new monthly ixec manufacturing overhead allocation rate based on the planned number of meals to be produced that month. costs and production levels are exactly as planned. The following data are from Clarita's Foods's first month in business: (Click the icon to view the data) Read the requirements. Requirement 2b. Prepare Clarita's Foods's January income statement using variable costing Requirement 3 . Is operating income higher unde mess that Varlable costing in lanuary? In January, absorption costing operating income variable costing operating income. 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: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute the product cost per meal produced under absorption costing and under variable costing. (Round your answers to the nearest cent) Requirement 2a. Prepare Clarita's Foods's January income statement using absorption costing. Contribution Margin Cost of Goods Sold Fixed Costs Gross Profit Net Sales Revenue Selling and Administrative Costs Variable Costs Is for $6 each. The company computes a new monthly fixed it the planned number of meals to be produced that month. Assur ed. The following data are from Clarita's Foods's first month Operating Income (ng) Requirement 2 b. Prepare Clarita's Foods's January income statement using variable cosing