pls help, will rate!

Mark's Meals produces frozen meals, which it sells for $9 each. The company uses the FIFO inventory costing method, and it computes a new monthly fixed manufacturing overhead rate based on the actual number of meals produced that month. All costs and production levels are exactly as planned. The following data are from the company's first two months 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. Do this first for January and then for February January February Absorption Variable Variable Absorption costing costing costing costing Total product cost Requirement 2a. Prepare separate monthly income statements for January and for February, using absorption costing. Mark's Meals Income Statement (Absorption Costing) Month Ended January 31 February 28 Less: Less: Mark's Meals produces frozen meals, which it sells for $9 each. The company uses the FIFO inventory costing method, and it computes a new monthly fixed manufacturing overhead rate based on the actual number of meals produced that month. All costs and production levels are exactly as planned. The following data are from the company's first two months in business: E: (Click the icon to view the data.) Read the requirements. Requirement 2b. Prepare Mark's Meals' January and February income statements using variable costing. Mark's Meals Data Table Contribution Margin Income Statement (Variable Costing) Month Ended January 31 February 28 January February Sales. 1,500 meals 1,800 meals Less: 1,600 meals $3 Production 2,000 meals Variable manufacturing expense per meal $3 Sales commission expense per meal $1 Total fixed manufacturing overhead $800 Total fixed marketing and administrative expenses .. $400 $1 $800 Less: $400 Print Done Requirement 3. Is operating income higher under absorption costing or variable costing in January? In February? Explain the pattern of differences in operating income based on absorption costing versus variable costing. In January, absorption costing operating income V variable costing income. This is because units produced were units sold. costs in the units of ending inventory. These costs will not be until those units are sold. Deferring these V costs to the future Absorption costing defers some of income. January's absorption costing In February, absorption costing operating income variable costing operating income. This is because units produced were units sold for the month. As inventory as was the case in this February, January's costs that absorption costing assigned to that inventory are expensed in This February's absorption costing income