Rosetta's Foods produces frozen meals that it sells for $6 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. Requirement 1. Compute the product cost per meal produced under absorption costing and under variable costing (Round your answers to the nearest cent.) January 2018 Absorption Variable costing costing Total product cost per meal 2.35 Requirement 2a. Prepare Rosetta's Foods's January income statement using absorption costing, Rosetta's Foods Income Statement (Absorption Costing) be Choose from any list or enter any number in the input fields and then continue to the next question January 2018 Units produced and sold: Sales 800 meals Production 1,100 meals $ 2 1 Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhead Total fixed selling and administrative costs 385 650 Print Done Rosetta's Foods produces frozen meals that it sells for $6 each. The company com produced that month. Assume all costs and production levels are exactly as planne Click the icon to view the data.) Read the requirements. Requirement 2a. Prepare Rosetta's Foods's January income statement using abso Rosetta's Foods Income Statement (Absorption Costing) Month Ended January 31, 2018 Net Sales Revenue 4800 Cost of Goods Sold M Gross Profit Selling and Administrative Costs Operating Income Choose from any list or enter any number in the input fields and then continue to Reflect in ePortfolio Click the icon to view the data.) Read the requirements. Requirement 2b. Prepare Rosetta's Foods's January income statement using variable costing. Rosetta's Foods Income Statement (Variable Costing) Month Ended January 31, 2018 Operatina Income Choose from any list or enter any number in the input fields and then continue to the next qu Reflect in ePortfolio Type here to search