Viviana's Foods produces frozen meals that it sells for $13 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.) Data table Requirement 2a. Prepare Viviana's Foods's January income statement using absorption costing. Ils for $13 each. The company con i the planned number of meals to nned. The following data are from Contribution Margin Cost of Goods Sold Fixed Costs Gross Profit Net Sales Revenue luary income statement using absorp Selling and Administrative Costs Variable Costs Operating Income Requirement 2b. Prepare Viviana's Foods's January income statement using variable Requirement 2b. Prepare Viviana's Foods's January income statement using variable costing. Requirement 3. Is operating income higher under absorption costing or variable costing in January? In January, absorption costing operating income variable costing operating income. is less than perating income higher unde variable costing in Ja on costing operating income variable costing operating inco