2 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 that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company's operations last year follow: 10 points Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: 250 225 25 eBook Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 100 $ 320 40 20 Hint Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $60,000 20,000 Print The absorption costing income statement prepared by the company's accountant for last year appears below: References Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income $ 191,250 157,500 33,750 24,500 $ 9,250 Required 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using variable costing Complete this question by entering your answers in the tabs below Required 1 Rquired Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year Fixed manufacturing overhead cost included in inventory Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for last year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement Required 1