This Test: 200 pts possible Gia'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 Gia's Foods's first month in business B (Click the icon to view the data. Read the requirements AUSPUN costing Varaule costing Data Table X Total product cost per meal Requirement 2a. Prepare Gia's Foods's January income statement using absorption costing January 2018 Gia's Foods Income Statement(Absorption Costing) Month Ended January 31, 2018 Units produced and sold Sales Pradiction at manufacturino per meal Sales commission cost permet Totalfixed manufacturing overhead Total forces and amus 900 meals 10 meals 5 3 2 250 750 Operating Income Requirement 2b. Prepare Gia's Foods's January income statement using variable costing Print Done Choose from any list or enter any number in the input fields and then continue to the next to 5:18 i Data Table Read the requirements Operating Income Requirement 2b. Prepare Gia's Foods's January income statement using variable costing. Gia's Foods Income Statement (Variable Costing) Month Ended January 31, 2018 January 2018 900 meals 1 000 meals Units produced and sold Sales Production Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhead Total fixed selling and administrative costs 5 Operating income 2 250 750 Requirement 3. Is operating income higher under absorption costing or variable costing in January In January, absorption costing operating income variable costing operating income. Print Done Choose from any list or enter any number in the input fields and then continue to the next