Marie's Food produced from which the top $8 ench The company the FIFO inventory conting method, and it computer monthly frend manufacturing the leased on the actual number of all produced that month. Alemand production de rectas planned. The foowing dute are from the company's first two months and business Click the conto view the date. Read the Requirement Complete proto proceed under contra de variate conting. Den fest for January and then tur Fotary January Futruary Absorption V Absorption coating costing couting Requirement Prepare tecara monthly income statements for Sunary and or unay, ng stonden Costne Marie Foods Income Statement Absorption Couting Month Ended January 31 February 20 LOS Requirement. Prepare Mario's Foodswyd February income statements ning variaticing Mario's Foods Contribution Margin Income Statement Variable Costing Data table January February Sales. . 1,500 meals 1,800 meals Production... .2,000 meals 1,600 meals Variable manufacturing expense per meal.. $5 $5 Sales commission expense per meal.. $2 $2 Total fixed manufacturing overhead $800 $800 Total fixed marketing and administrative expenses . . $500 $500 Print Done Mario's Foods produces trozen meals, which sels for $8each. The company uses the FIFO inventory coeding method, and computes a new monthly food manufacturing overhead rate based on the actual umber of meals produced that month. All costs and production levels are exactly as planned. The following data are from the company's frst two months in business Click the icon to view the dut) Read the regulaments Less Loss Requirement 2b. Prepare Mario's Foods' January and February income statements using variable costing Mario's Foods Contribution Margin Income Statement Variable Costing Month Ended Juary 31 February 20 Los Requirements, is operating compter under absorption conting or variable costing haar in February? Explain the petorri of differences operating income based on stooption conting versus variable dating In January serption conting pating room vrable conting home. This is because units produced wem sold Abortion costing for some of content of ending nentory. This will be und out to Dutering the che Analysing one In February option in operating room a This cause its produced were As many was the case in the February |call har bairplan coating angaai nirliny are upanan TNA Falnayagaaing Thorne