Total product cost Requirement 2a. Prepare separate monthly income statements for January and for February, using absorption costing. Owen's Foods Income Statement (Absorption Costing) Month Ended January 31 February 28 Less: Less: Read the requirements Owen's Foods Contribution Margin Income Statement (Variable Costing) Month Ended January 31 February 28 Less Less i Data Table January 1,500 meals February 1.800 meals 1.400 meals 2.000 meals Sales. Production.. Variable manufacturing expense per meal Sales commission expense per meal. Total fixed manufacturing overhead Total fixed marketing and administrative expenses $300