Viviana's Foods produces frozen meals that it sells for $11 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 Viviana'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 cent.) January 2018 Absorption Variable i Data Table - X costing costing Total product cost per meal January 2018 Requirement 2a. Prepare Viviana's Foods's January income statement using absorption costing. Units produced and sold: Viviana's Foods Income Statement (Absorption Costing) Month Ended January 31, 2018 Sales Production 800 meals 1,100 meals 5 Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhead Total fixed selling and administrative costs 385 650 Print Done Viviana's Foods produces frozen meals that it sells for $11 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 Viviana's Foods's first month in business: E: (Click the icon to view the data.) Read the requirements. Operating Income i Data Table - X Requirement 2b. Prepare Viviana's Foods's January income statement using variable costing. January 2018 Viviana's Foods Income Statement (Variable Costing) Month Ended January 31, 2018 800 meals 1,100 meals Units produced and sold: Sales Production per meal Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhead Total fixed selling and administrative costs $ 385 Operating Income 650 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