Requirement 1. Compute the product cost per meal produced under absorption costing and under variable costing (Round your answers to the nearest cent Absorption Variable costing costing Total product cost per meal Requirement 2a. Prepare Alana's Foods's January income statement using absorption costing Alana's Foods Income Statement (Absorption Costing) Month Ended January 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Selling and Administrative Costs Operating Income Requirement 2b. Prepare Alana's Foods's January income statement using variable costing Alana's Foods Income Statement (Variable Costing) Month Ended January 31, 2018 Data table Units produced and sold Sales Production January 2015 1,000 meals 1,400 meals Variable manufacturing cost per meal Sales commission cost per meal S 6 2 630 Total fixed selling and administrative costs 400 Total fixed manufacturing overbead Net Sales Revenue Variable Costs Contribution Margin Fixed Costs 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 Print Done