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

$($Click the icon to view the data.$)$

Read the requirements.

Requirement $1.$ Compute the product cost per meal produced under absorption costing and under variable costing. $($Round your answers to the nearest cent.$)$

Requirement $2$a$.$ Prepare Claudia's Foods's January income statement using absorption costing.

Claudia's Foods

Income Statement $($Absorption Costing$)$

Month Ended January $31$

Operating Income

Requirement $2$b$.$ Prepare Claudia's Foods's January income statement using variable costing.

Claudia's Foods

Income Statement $($Variable Costing$)$

Month Ended January $31$

Operating Income

Data table