Margarita's Foods produces frozen meals that sells for each. The company computers a monthly feed manufacturing overead alocation rate based on the planned number of meals to be produced that month. Assume costs and production vacy as planned. The following data are from Margaritas Food's first month in business Click the icon to view the do Read the Requirement 1. Compute the product cost per meal produced under absorption coming and under variable costing Round your answers to the nearest cent) Absorption Variable costing conting Total product cost per meal Requirement 2a Prepare Margarta's Food's January income statement ning teorption conting Margarita's Foods Income Statement(Absorption Costing) Month Ended January 31, 2018 Operating income Requirement 2b. Prepare Margarita's Foods January nomment using variable conting Margarita's Foods Income Statement (Variable Costing Month Ented January 23, 2018 Data table January 2018 Operating Income Requirement is operating incom In January absorption continger 500 1.000 Units produced Sa Production Variable manufacturing cost permal Sales como cost per Total manufacturing overhed Total Fixed selling and administrative costa 250 Print Done