month in business Clarita's Foods produces frozen meals that it sells for $6 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced that month. Assumed all costs and production levels are exactly as planned. The following data are from Clarita's Food's first (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 coating (Round your answers to the rest curt) January 2016 Absorption Variable conting costing Total product cost per meal 2.45 2 Requirement 2a. Prepare Clarita's Foods's January income statement using absorption costing, Clarita's Foods Income Statement(Absorption Costing) 2 ISA roduced yerhead allo lowing data Data Table ta.) January 2016 oduct cos Units produced and sold: four answers Sales 1,000 meals Prod ion 1,400 meals Abs Variable manufacturing cost per meal $ 2 od Sales commission cost per meal 630 ta's Foods Total fixed manufacturing overhead Total fixed selling and administrative costs 600 Foods Absorption Print Done TUTTURETUTUSTU any number POTTEUS A TOT eals that it sells for $6 each. The company computes a new monthly fixed manufacturing overhead al oduced that month. Assumed all costs and production levels are exactly as planned. The following da Requirements dug nswe 1. Compute the product cost per meal produced under absorption costing and under variable costing. 2. Prepare income statements for January 2016 using a. absorption costing. b. variable costing. 3. Is operating income higher under absorption costing or variable costing in January? 's F Print Done oog son! ny number in the input fields and then continue to the next