View Your X or https://bu x Access nc X @ Inbox x 20 min Up X .. RealPage X . Home x .'. waterford X BCIS-130 x Course H X Do Home X + C mathxl.com/Student/PlayerHomework.aspx?homeworkld=607552073&questionld=5&flushed=false&cld=6659356&centerwin=yes Update : Apps @ Quiz: Exam 1 2 Octoly.com .". RealPage Unified... MyLab & Masterin... Budget Tracker &... Classes | Peloton RJ Investment Account a Amazon.com: Onli... Reading List Fall 2021 ACCT-2302.900: Principles of Managerial Acctg Caitlin Tyner & | 10/06/21 11:12 AM Homework: Chapter 6 Homework Question 5, P6-72A (simil... HW Score: 33.71%, 3.37 of 10 points Part 5 of 9 Points: 0.2 of 1 Save Jason's Meals produces frozen meals, which it sells for $10 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 the company's first two months in business: (Click the icon to view the data.) Read the requirements Less: Cost of goods sold 5,640 y,8bu Gross profit 7,360 8, 140 X Less: Operating expenses 2,200 2,400 Data Table Operating income 5, 160 $ 5,740 Requirement 2b. Prepare Jason's Meals' January and February income statements using variable costing. January February Jason's Meals Sales. . . . . . . . . . . . . 1,600 meals 1,800 meals Contribution Margin Income Statement (Variable Costing) Production . . . . . . . . . 2,000 meals 1,600 meals Month Ended Variable manufacturing expense per meal . . . . . . . . . . $5 $5 January 31 February 28 Sales commission expense per meal . . . . . . . . . . . . . . $1 $1 Total fixed manufacturing overhead . . . . . . . $800 $800 Sales revenue 16,000 18,000 Total fixed marketing and administrative expenses . . $600 $60 Less: Print Done Less: Video eText Pages Get More Help - Clear All Check