Requirement 1. Compute the product cost per meal produced under absorption costing and under variable costing. (Round your answers to the nearest cent.) Variable costing Absorption costing Total product cost per meal $ 2.45 $ Requirement 2a. Prepare Stella's Foods's January income statement using absorption costing. Stella's Foods Income Statement (Absorption Costing) Month Ended January 31 Net Sales Revenue Cost of Goods Sold Gross Profit Selling and Administrative Costs Operating Income 2.00 6000 Data table Units produced and sold: Sales Production Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhead Total fixed selling and administrative costs Print Done $ January HOME 1,000 meals 1,400 meals 2 1 630 550 X

Data table