Rosetta's Foods produces frozen meals that it sells for $9 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 busines (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 Requirement 2a. Prepare Rosetta's Foods's January income statement using absorption costing. Rosetta's Foods Income Statement (Absorption Costing) Month Ended January 31, 2018 Data Table January 2018 Units produced and sold: Sales 1,200 meals 1,500 meals Production Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhead Total fixed selling and administrative costs Operating Income 4 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 1,050 800 PrintDone Operating Income Requirement 3. Is operating incomehigher under absorption costing or variable costing in January? In January, absorption costing operating income V variable costing operating income