P21-27A (similar to) Claudia': Foods produces frozen meals that it sells for $11 each. The company computes a new manthly foxed manufacturing owerhead allocation rate based on the planned number of meals to be produced that month. Assume al costs and production lewels are exactly as planned. The following dtre frem Claudia's Foods frat manth in (Cick the Icon to viw the data Read the uAmA Requirement 1.Compute the product cost per meal produced under absorption costing and under variable cosing. Round your answers to the nearest cent) January 2018 Absorption Variable costing Dala lable Total product cost per Hequrements Units produced and sold under varlable costing 2. Prepare income statements for January 2018 using a. sbeorption costing 1ODD meals 1,400 meals b. varlabia cos ng 3. Is operaing income higher under abzorption costing or variable costing in laniany Sales commisslan cast per meal Total xed mandtacturin Total fixed selling and administrative costs Print Done Piint Dune Enter any number in the ee teldls and then click Check Arswer Clear Al Final Check emaning