produced that mooth. Assume al costs and troduction levels ate exscty as planned. The following data are from Margarears Foods's frat mont on butinnte (Cick the icon lo view the dita) Read the tethicomenti Requirament 2a. Propare Margarkars Foodsit danuary income statement iaing abvorpeon coeting- Reguirement 2h. Prepare Margaritals Fcods's Jaruary income statnment usiog varable costivg Data table Requirements r answers to the nastoat cent. 1. Compule the product cost per meal produced under atsorption costing and under variable costing. 2. Prepare income staternents for January using: a. absomption costing b. varable costing. 3. Is operating income higher under absorption conting or variable costing in January? Requirement 2b. Prepare Margarta's Foods's Jafuary insome statement using variate cossing Requirement 3 is operating inoome higher under abserption cosing or variabie coating in Janwary? In Jruacy. absorpech conting operatiog incore varable costrg ecerating income