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Clarita's Foods produces frozen meals that it sells for $8 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Clarita'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.) Read the requirements costing costing Total product cost per meal Requirement 2a. Prepare Maria's Foods's January income statement using absorption costing - X Maria's Foods i Data Table Income Statement (Absorption Costing) Month Ended January 31, 2018 Net Sales Revenue Cost of Goods Sold January 2018 Gross Profit Units produced and sold: Selling and Administrative Costs Sales 1,200 meals Operating Income Production 1,500 meals Requirement 2b. Prepare Maria's Foods's January income statement using variable costing Variable manufacturing cost per meal $ Maria's Foods Income Statement (Variable Costing) Sales commission cost per meal Month Ended January 31, 2018 Total fixed manufacturing overhead 1,050 Net Sales Revenue Total fixed selling and administrative costs 550 Variable Costs Contribution Margin Fixed Costs Print Done Operating Income tequirement 3. Is operating income higher under absorption costing or variable costing in January? January, absorption costing erating income variable costing operating income is question is complete. Move your cursor over or tap on the red arrows to see incorrect answers