Data Table January February Sales ................................ 1,500 meals 1,700 meals Production ................................ 2,000 meals 1,400 meals Variable manufacturing expense per meal ......... $3 Sales commission expense per meal $2 Total fixed manufacturing overhead ............. $700 Total fixed marketing and administrative expenses . . $500 Jason's Meals produces frozen meals, which it sells for $10 each. The company uses the FIFO inventory costing method, and it computes a new monthly fixed manufacturing overhead rate based on the actual number of meals produced that month. All costs and production levels are exactly as planned. The following data are from the company's first two months 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. Do this first for January and then for February. January Absorption Variable costing costing Total product cost