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Gia's Foods produces frozen meals that it sells for $13 each. The company computes a...

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Accounting

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Gia's Foods produces frozen meals that it sells for $13 each. The company computes a new monthly fxed 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 Gia's Foods's first month in business: EEB(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 costing costing Total product cost per meal Requirement 2a. Prepare Gia's Foods's January income statement using absorption costing Gia's Foods Income Statement (Absorption Costing) Month Ended January 31, 2018 Choose from any list or enter any number in the input fields and then continue to the next

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