Maryarta's Foods produces frozen meals that it sells for $10 each. The company compute a new monthly fled manufacturing overhead alocation rate based on the planned number of meals to be produced that month. Assume al production levels are exactly as planned. The foliowing data are from Margus Food's first month in business Co the icon to view the data) Read the requirements Requirement 1. Compute the product cost per meal produced under absorption conting and under variable couting (Round your answers to the nearest cent) January 2018 Absorption Variable Data Table costing costing Total product cost per me Requirement 2. Prepare Margarita's Foods January income statement using two couting Units produced and sold: Margarita's Foods Income Statement(Absorption Costing Sales Month Ended January 31, 2015 Production Variable manufacturing cost per meal Sales con cor me Totalfred manufacturing overhead Totaled soling and me January 2018 300 mais 1.000 meals $ 5 1 550 000 Operating income Print Done Ransemanth Penawar samaralis Choose from any for enter any number in the input fields and then continue to the next question Margarita's Foods produces the meals that it is for $10 each. The company computes a new monthly feed manufacturing overhead location rate based on the planned ber of meals to be produced that month. Assume al costs and production levels are exactly as planned. The following data are from Marta Foods fest month in business TT Clothesoontowwe Reader Data Table Operating income Requirement. Pere Marg's Foods any income an articosting Margarite's Foot Income Statement (Variable Costing Morth Ended January 31, 2016 January 2010 300 ml Un produced and Sales Production Variable manufacturing of $ 5 1 450 Tot segade Requirement en comer under option corong! In January, betontering come variable conting operating income Done Choose from your the input and then 2