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Requirement 2b. Prepare Neds Entrees' danuary and February income statements using variable costing. Ned's Entrees Cowbecifen marjan Cost af poots soie F wad evenses Fiad

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Requirement 2b. Prepare Neds Entrees' danuary and February income statements using variable costing. Ned's Entrees Cowbecifen marjan Cost af poots soie F wad evenses Fiad manstartuing cosetasd Fwat apetating expatset Grovs seriet Opasiling argevean Optaneng noure Bales minue Varatis cene at opods soid Varable eagenbes Vorithe werelice ergentwe absorption costing and under variable costing. Do this first for January and then for February Data table Requirements 1. Compute the product cost per meal produced under absorption costing and under variable costing. Do this first for January and then for February. 2. Prepare separate monthly income statements for January and for February. using the following: a. Absorption costing b. Variable costing. 3. Is operating income higher under absorption costing or variable costing in January? In February? Explain the pattern of differences in operating income based on absorption costing versus variable costing

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