Stella'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 Stella's Foods's first month in business (Click the icon to view the data) Read the mouicements Requirement 1. Compute the product cost per meal produced under absorption costing and under variable costing Round your answers to the nearest cent) Absorption Variable costing costing Total product cost por moal Requirement 2a. Prepare Stolla's Foods's January income statement using absorption costing Stella's Foods Income Statement (Absorption Costing) Month Ended January 31, 2018 Operating Income Requirement 2b. Prepare Stella's Foods's January income statement using variable costing Stella's Foods Income Statement (Variable Costing) Month Ended January 31, 2018 Operating Income Requirement 3. Is operating income higher under absorption costing or variable costing in January? In January, absorption costing operating income variable costing operating income. Chama lietan antarany number in the input fields and then continue to the next question i Data Table X January 2018 Units produced and sold: co Sales 900 meals 2 Production 1,000 meals $ 5 Variable manufacturing cost per meal Sales commission cost per meal 2 Total fixed manufacturing overhead 250 Total fixed selling and administrative costs 750 Print Done ghe