Rosetta's Foods produces frozen meals that it sells for $12 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Rosetta's Foods's first month in business: Click the icon to view the data.) Read the requirements: Variable Requirement 1. Compute the product cost per meal produced under absorption costing and under variable costing. (Round your answers to the nearest cent.) Absorption costing costing Total product cost per meal Data table January 900 meals 1.000 meals Units produced and sold Sales Production Variable manufacturing cost per meal Sales commission cost por moal Total fixed manufacturing overhead Total fixed selling and administrative costs 5 2 250 450