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. 3. Is operating income higher under absorption costing or variable costing in January? Data table Ciarta's Foods produces frocen meals that it sells for $13 each. The company computes a new monthly foxed manufacturing overhead allocation nase hased on the glanned number of meals is be produced that month. Assume all costh and production levols are exactly as planned. The following data are from Clacitar's Foods's flrat month in business: Cick the icon to view the data? Read the ceguinements. Clarita's Foods produces frozen meals that it sells for $13 each. The compan produced that month. Assume all costs and production levels are exactly as (Click the icon to view the data.) Read the requirements. Requirement 1. Compute the product cost per meal produced under absorptic each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be els are exactly as planned. The following data are from Clarita's Foods's first month in business: luced under absorption costing and under variable costing. (Round your answers to the nearest cent.) riable sting