1.)Compute the unit product costs for one gamelan if company uses absorption costing and variable costing. Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan. The gamelans are sold for 850 (thousand) rupiahs. (The currency in Indonesisa is the rupiah, which is denoted by Rp.) Selected data for the company's operations last year follow (all currency values are in thousands of rupiahs): Units in beginning inventory = 0 Units produced = 250 Units sold = 225 Units in ending inventory = 25 Variable costs per unit: Direct materials = Rp 100 Direct labor = Rp 320 Variable manufacturing overhead = Rp 40 Variable selling and administrative = Rp 20 Fixed costs: Fixed manufacturing overhead = Rp 60,000 Fixed selling and administrative = Rp 20,000