QUESTION 24 Using Variable Costing, calculate Operating Income for January: FACTS: Marty's Entrees produces frozen meals, which it sells for $9 each. The company uses the FIFO inventory costing method, and it computes a new monthly fixed manufacturing overhead rate based on the actual number of meals produced that month. All costs and production levels are exactly as planned. The following data are from Marty's Entrees' first two months in business: January 1,400 meals 2,000 meals $ $ 1 $ 700 Sales Production Variable manufacturing expense per meal. Sales commission e pense per meal. Total fixed manufacturing overhead Total fixed marketing and administrative expenses February 1,800 meals 1,400 meals $ 5 $ 1 $ 700 5 $ 500 $ 500 $3,000 $3,210 $4,090 $4,200