Gla's Foods produces frozen meals that it sells for $11 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 Gia's Foods's first month in business 2 (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 cont.) Absorption Variable costing costing Total product cost per meal X Data Table Requirement 2a. Prepare Gia's Foods's January income statement using absorption costing Gia's Foods Income Statement (Absorption Costing) January Month Ended January 31 Units produced and sold: Sales 1.000 meals Production 1.400 meals Variable manufacturing cost per meal S Sales commission cost per meal Total fixed manufacturing overhead 700 Operating Income Total fixed selling and administrative costs 350 Requirement 2b. Prepare Gla's Foods's January income statement using variable costing Gia's Foods Print Done Choose from any list or enter any number in the input fields and then continue to the nel 1 Requirement 2b. Prepare Gia's Foods's January income statement using variable costing. Gia's Foods Income Statement (Variable Costing) Month Ended January 31 Operating Income Requirement 3. Is operating income higher under absorption costing or variable costing in January? In January, absorption costing operating income variable costing operating income Choose from any list or enter any number in the input fields and then continue to the next