1 Ida Sicha Karya Company is a family-owned company located on the island of Ball in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $987. Selected data for the company's operations last year follow nits 24,000 21,800 3,090 Units in beginning inventory Units produced Units sold units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs Fixed manufacturint overhead Fixed selling and administrative $ 5 $ 5 290 420 52 23 $450,000 $ 80,000 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