Stella's Foods produces frozen meals that it sells for $14 each. The company computes a new monthly fed 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 requirements Requirement 1. Compute the product cost per meal produced under absorption costing and under variable costing. (Round your answers to the nearest cont.) Data Table January 2018 Absorption Variable casting costing Total product cost per meal $ 6.30 $ 6.00 Requirement 2. Prepare Stella's Foods's January Income statement using absorption costing January 2018 Units produced and sold 850 meals Production 1,060 meals Stella's Foods Income Statement (Absorption Costing) Month Ended January 31, 2018 Variable manufacturing cost per meal Sales commission cost per meal Totalfixed manufacturing overhead Total Fixed selling and administrative costs Choose from any list or enter any number in the input fields and then click Check Answer parts Clear All Print Done