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= Quiz: 06 Quiz Question 1 This Qulz: 10 pts possible Submit Quiz Claudia's Foods produces frozen meals that it sells for $15 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of moals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Claudia's Foodt's first month in business Click the icon to view the data.) Read the woulomans G Requirement Compute the product cost put meal produced under absorption conting and under variable costing (Round your answers to the nearest cont.) Absorption Variable costing costing Total product cost per meal Requirement 2n. Prepare Claudio's Foods's January income statement uting absorption contra Claudia's Foods Income tabament Absorption Costino) Month Ended January 31 Data Table January Units produced and sold: Sales 950 meals Production 1,150 meals $ 6 3 Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhead Total fixed selling and administrative costs 690 750 Print Done O Tin .. Requirement 2a. Prepare Claudia's Foods's January income statement using absorption costing. Claudia's Foods Income Statement (Absorption Costing) Month Ended January 31 Operating Income Requirement 2b. Prepare Claudia's Foods's January income statement using variable costing. Requirement 2b. Prepare Claudia's Foods's January income statement using variable costing. Claudia's Foods Income Statement (Variable Costing) Month Ended January 31 Operating Income Requirement 3. Is operating income higher under absorption costing or variable costing in January? Read the requirements. Claudia's Foods Income Statement (Variable Costing) Month Ended January 31 equals exceeds Operating Income Requirement 3. Is operating income higher unde is less than variable costing In January, absorption costing operating income variable costing operating = Quiz: 06 Quiz Question 1 This Qulz: 10 pts possible Submit Quiz Claudia's Foods produces frozen meals that it sells for $15 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of moals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Claudia's Foodt's first month in business Click the icon to view the data.) Read the woulomans G Requirement Compute the product cost put meal produced under absorption conting and under variable costing (Round your answers to the nearest cont.) Absorption Variable costing costing Total product cost per meal Requirement 2n. Prepare Claudio's Foods's January income statement uting absorption contra Claudia's Foods Income tabament Absorption Costino) Month Ended January 31 Data Table January Units produced and sold: Sales 950 meals Production 1,150 meals $ 6 3 Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhead Total fixed selling and administrative costs 690 750 Print Done O Tin .. Requirement 2a. Prepare Claudia's Foods's January income statement using absorption costing. Claudia's Foods Income Statement (Absorption Costing) Month Ended January 31 Operating Income Requirement 2b. Prepare Claudia's Foods's January income statement using variable costing. Requirement 2b. Prepare Claudia's Foods's January income statement using variable costing. Claudia's Foods Income Statement (Variable Costing) Month Ended January 31 Operating Income Requirement 3. Is operating income higher under absorption costing or variable costing in January? Read the requirements. Claudia's Foods Income Statement (Variable Costing) Month Ended January 31 equals exceeds Operating Income Requirement 3. Is operating income higher unde is less than variable costing In January, absorption costing operating income variable costing operating

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