HELP PLEASE

Score: 0 of 10 pts 5of5(3 complete! Hw Score: 32.11 %, 9.63 of 30 pts P6-66A (similar to) Question Help Jeson's Meals produoes frozen meals, which it sels for S8 each. The company uses the FIFO inventory costing method, and it computes a new monthly fixed manufacturing ovemead rate based on the actual number of meals produced that month. All costs and production levels are exactly as planned. The folawing data are from the company's firs: two months in business: (Cick the icon to view the data.) Requirements 1. Compute the product cost per meal produced under absorption costing and under variable costing. Do this Erst for January and then for February 2. Prepare separate monthly income statments for January and for February, using the folowing: . Absorpton oasting b. Variable costing. 3. Is aperating income higher under absorption costing or variable costing in January? In February? Explain the pattem of differences in aperating income based an absorption costing versus variable costing Requirement 1. Compute the produat cost per meal produced under absarption costing and under vanable costing. Do this first for January and then far February Janua Absorption Variable costing tng fixed Data Table xi n jump Total product cost in dire 1.200 meals Sales Production. Variable manufacturing expense per meal Sales commission expense per meal Total fixed manufacturing averhead Total fixed 1,000 meals 1,500 meals B00 meals const sist of in at th level o S 60 S 500 S 600 S 500 and administrative expenses Print Done N'T K Enter any number in the edit fields and then click Check