Questi facturing 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 Claue (Round your answers to the nearest cent) Requirements Data Table January 2018 Units produced and sold Sales 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 absorption costing or variable costing in January 800 meals 1100 meals Production Variable manufacturing cost per meal Sales commission cost per meal Totalfixed manufacturing overhead Totalfred selling and administrative costs Print Done Print Done E Question Help Claudia's Foods produces frozen meals that it sels for $6 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 Claudia'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.) January 2018 Absorption Variable costing costing Total product cost per meal Requirement 2a. Prepare Claudia's Foods's January income statement using absorption costing Claudia's Foods Income Statement (Absorption Costing) Month Ended January 31, 2018 Operating Income Requirement 2b. Prepare Claudia's Foods's January Income statement using variable costing Claudia's Foods Income Statement (Variable Costing) Month Ended January 31, 2018 Choose from any list or enter any number in the input fields and then continue to the next question Quest Claudia's Foods produces frozen meals that it sells for $6 each. The company computes a new monthly fixed manufacturing overhead allocation rat planned number of meals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Cl. first month in business (Click the icon to view the data.) Read the requirements Requirement 2a. Prepare Claudia's Foods's January income statement using absorption costing. Claudia's Foods Income Statement (Absorption Costing) Month Ended January 31, 2018 Operating Income Requirement 2b. Prepare Claudia's Foods's January income statement using variable costing Claudia's Foods Income Statement (Variable Costing) Month Ended January 31, 2018 Operating Income Requirement 3. Is operating income higher under absorption costing or variable costing in January? In January, absorption costing operating income variable costing operating income Choose from any list or enter any number in the input fields and then continue to the next