that month. All costs and production levels are exactly as planned. The following data are from the company's first two months 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. Do this first for January and then for February.

$\backslash$table$[[,$January$],[,$Absorption,Varlable$],[,$costing,costing$],[$Total product cost,,$]]$

Requirements

Data table

Compute the product cost per meal produced under absorption costing and under variable costing. Do this first for January and then for February.

Prepare separate monthly income statements for January and for February, using the following:

a$.$ Absorption costing

b$.$ Variable costing.

Is operating income higher under absorption costing or variable costing in January? In February? Explain the pattem of differences in operating income based on absorption costing versus variable costing.