Please ans Requirement 2&3

Income Statement (Absorption Costina) Data table Jason's Meals produces frozen meals, which it sells for $12 each. The company uses the FiFO inventory costing method, and it computes a now monthly fixod manufacturing overhead rate based on the actual number of meals producod that month. All costs and production levels are exacty as planned. The following dsta are from Jason's Moals's first two months in business: (Click the icon to view the data.) Requirements 1. Compute the product cost per meal produced under absorption costing and under variable costing. Do this first for tanuary and then for February. 2. Prepare separate monthly income statements for Jaruary and for February using (a) absorption costing and (b) variable costing. 3. Is operating income higher under absorption costing or variable costing in January? In February? Explain the pattern of ditterences in operating incorne based on absorption costing vereus variable costing. Requirement 2a. Prepare separate monthly income statements for January and for February using absorption costing. (List the accounts and labels in the order they traditionally appear on absorption costing income statements.)