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Data table Requirements 1. Compute the product cost per meal produced under absorption costing and under variable costing. 2. Prepare income statements for January using: a. absorption costing. b. variable costing. 3. Is operating income higher under absorption costing or variable costing in January? Stella's Foods produces frozen meals that it selis for $10 each. The company computes a new monthly fixed manufocturing overtead allocation rate based on the planned mumber of meals to be produced that month. Assume all costs and production leveis are exactly as planned. The following data are from Stela's Foods's first month in business: (Cick the icon to view the datn) Read the reguiremonts