month. Assume all costs and production levels are exactly as planned. The following data are from Rosetta's Foods's first month in business.

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Read the requirements

Requirements

Requirement $1.$ Compute the product cost per meal produced under absorp

Compute the product cost per meal produced under absorption costing and under variable costing

Prepare income statements for January using

$\backslash$table$[[,\backslash$table$[[$Absorption$],[$costing$]],\backslash$table$[[$Variable$],[$costing$]],,],[$Total product cost per meal,$$,6\mathrm{.}55,$$$,6\mathrm{.}00]]$

a$.$ absorption costing

b$.$ variable costing

$3.$ Is operating income higher under absorption costing or variable costing in January?

Requirement $2$a$.$ Prepare Rosetta's Foods's January income statement us

Rosetta's Foods

Income Statement $($Absorption Costing$)$

Month Ended January $31$

Operating Income

Data table

$\backslash$table$[[,$January$],[$Units produced and sold:,$],[$Sales$,1,000$ meals$],[$Production$,1,200$ meals$],[$Variable manufacturing cost per meal,$6],[$Sales commission cost per meal,$660],[$Total fixed manufacturing overhead,$350]]$