January February Sales 1.400 meals 1 800 meals Production 2.000 meals 1,400 meals Variable manufacturing expense per meal 9 Sales commission expense per meal 1 1 Total fixed manufacturing overhead 700 700 Total fixed marketing and administrative expenses 500 500 od, d that mo and production level re exactly as planned. The following data are from ompa EClick the icon to view the data.) Requirements 1. Compute the praduct cost per meal produced under absorption costing and under variable costing. Do this first for January and then for February. lyincome statements for January and for February, using the following: Absorption costing b. Variable costing. 3. wariable costing come higher under absorption costing or variable costing in January? In February? Explain the pattern – differences in operating income based absorption costing versus January Absorption Variable costing costing Total product cost
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