2. Assume in Year 4 that the company's variable costing net operating income was $250,000 and its absorption costing net operating income was $300,000 a. Did inventories increase or decrease during Year 4 ? b. How much fixed manufacturing overhead cost was deferred or released from inventory during Year 4 ? Complete this question by entering your answers in the tabs below. Did inventories increase or decrease during year 4 ? Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $798. Selected data for the company's operations last year follow: Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. Note: Round your intermediate calculotions and final answer to the nearest whole dollor amount. 2 Assume that the company uses variable costing Compute the unit product cost for one gamelan. The company's fixed manufacturing overhead per unit was constant at $550 for all three years. 2. Assume in Year 4 that the company's variable costing net operating income was $250,000 and its absorption costing net operating income was $300,000. a. Did inventories increase or deciease duting Year 4 ? b. How much fixed manufacturing overhead cost was deferred or released from inventory during Year 4 ? Complete this question by entering your onswers in the tabs below. How much fixed manutacturing overhead cost was deferred or released from inventory during Year 4 ? Jorgansen Lighting. Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: The company's fixed manufacturing overhead per unit was constant at $550 for all three years Required: 1. Calculate each year's absorption costing net operating income. Note: Enter any losses or deductions as a negotive volue