Question Help Viviana's Foods produces frozen meals that it sells for $10 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 Viviana's Foods's first month in business: EEB (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 Data Table Requirement 2a. Prepare Viviana's Foods's January income statement using absorption costing Viviana's Foods Statement (Absorption Costing) Income January 2018 Month Ended January 31, 2018 Units produced and sold Sales 800 meals 1,000 meals Production Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhea Total fixed selling and administrative costs Operating Income 650 650 Requirement 2b. Prepare Viviana's Foods's January income statement using variable costing. Viviana's Foods Income Statement (Variable Costing) Month Ended January 31, 2018 Print Done 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