Reauirement 1. Comnute the nroduct cost ner meal nroduced under absorption costing and under variable costing. (Round your answers to the nearest cent.) Data table Requirement 2a. Prepare Claudia's Foods's January income statement using absorption costing. Requirements 1. Compute the product cost per meal produced under absorption costing and under variable costing. 2. Prepare income statements for January using: a. absorption costing. b. variable costing. Requirement 2b. Prepare Claudia's Foods's January income statement using variable costing. 3. Is operating income higher under absorption costing or variable costing in January? uperatng 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