Lantys Foods produces brown meals which is for Teach The company to trying to complemented acting with produced that month. All costs and production levels are exactly as planned The following data from company's first two Click the icon to view the data Read the Requirement 1. Compote the product cost per meal produced under absorption coming and under le conteng. De to find for January and then to Fatra January February Absorption Variable Absorption Variable oosting costing costing costing Total product Requirements. Prepare separate income statements for January and for Februarying to conting Larry's Foode Income Statement(Absorption Costing) Month Ended January 31 Feb 28 Choose from any way the routes and the contexto Requirement 2b. Prepare Larry's Foods January and February income statements using variable costing. Larry's Foods Contribution Margin Income Statement (Variable Costing) Month Ended January 31 February 28 Less Less in the input fields and then continue to the next question Less 1. Compute the product cost per meal produced under absorption costing and under variable costing. Do this first for January and then for February 2. Prepare separate monthly income statements for January and for February using the following a. Absorption costing b. Variable costing. 3. Is operating income higher under absorption costing or variable costing in January? In February? Explain the pattern of differences in operating income based on absorption costing versus variable costing Sales.. February 1.400 meals 1.200 meals January 1 200 meals Production.. 1.500 meals Variable manufacturing expense per meat. $3 Sales commission expense per meal $2 Total fixed manufacturing overhead $900 Total fixed marketing and administrative expenses... 5500 $3 + $2 $900 $500