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Clarita's Foods produces frozen meals that it sells for $14 each The company computes a new monthly fixed manufacturing overhead allocation rate based on the Slammed number of meals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Clarita's Foods's first month in business Click the icon to view the data) Read the requirements Requirement 1. Compute the product cost por meal produced under absorption costing and under variable costing (Round your answers to the nearest cont) Absorption Variable costing costing Total product cost per meal Requirement 2a, Propare Clarita's Foods's January income statement ursing absorption costing Clarita's Foods Income Statement (Absorption Costing) Month Ended January 31, 2018 Operating Income Data Table -X ct cost ur answers Abs CO January 2018 Units produced and sold Foods' Sales 800 meals 1,000 meals Production $ 6 ods orption sary 31, 2 Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhead Total fixed selling and administrative costs 650 350 Print Done e Concle's larutanrinenma etatement reina variable netine Clarita's Foods produces frozen meals that it sells for $14 each. The company computes a new monthly fixed manufacturin planned number of meals to be produced that month. Assume all costs and production levels are exactly as planned. The month in business (Click the icon to view the data) Read the requirements Operating Income Requirement 2b. Prepare Clarita's Foods's January income statement using variable costing Clarita's Foods Income Statement (Variable Costing) Month Ended January 31, 2018 Operating Income Requirement 3. Is operating income higher under absorption costing or variable costing in January? In January, absorption costing operating income variable costing operating income

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