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0 Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold fo $843. Selected data

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0 Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold fo $843. Selected data for the company's operations last year follow: Unite in beginning inventory Units produced 20,000 Units sold 16,000 Units in ending inventory 4,000 Variable costs per uniti Direct materials $ 230 Direct labor $ 390 Variable manufacturing overhead $ 64 Variable selling and administrative $ 23 Fixed costar Pixed manufacturing overhead 5.970,000 Fixed selling and administrative $ 700,000 Required: 1. Assume that the company uses absorption costing, Compute the unit product cost for one gamelan (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. 1. Absorption costing unit product cost 2. Variable costing unit product cost

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