Please show calculations

Margarita's Foods produces frozen meals that it sells for $15 each. The company computes a new monthly fixed manufacturing ovechead 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 Margarita's Foods's first month in business: (Click the icon to vilew 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.) Margarita's Foods produces frozen meals that it sells for $15 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 Margarita's Foods's first month in business: (Click the icon to view the data.) Read the requirements. Data table Requir Jriable costing: (Round your answers to the Margarita's Foods produces frozon meals that it sells for $15 each. The company computes a new monthly foxed 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 Marganta's Foods's first month in business: W. (Click the loon to view the data.) Read the requirements Requirements 1. Compute the product cost per meal produced under absorption costing and under variable costing. 2. Prepare income statements for January 2018 using: a. absorption costing b. variable costing 3. Is operating income higher under absomstion costing or variable costing in January