2 Ida Sidha 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 $950 Selected data for the company's operations last year follow 22459 250 235 . Units in beginning femory Unite produced Unite sold Unitsin ending Inventory Variable conta per unit Direct materiale Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costa Fixed manufacturing overhead Tived selling and administrative 135 145 30 20 6 65,000 # 25,000 The absorption costing income statement prepared by the company's accountant for last year appears below: # 223,250 180.950 Coat of goode sold Grose margin Selling and administrative expense Net operating income ances 29.700 12.600 Required 1. Under absorption costing, how much fred 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. What is the amount of the difference in net operating income between the two costing methods? Complete this question by entering your answers in the tabs below. Red 2A Reg 20 Prepare an income statement for last year using variable costing $ 223.250 Ida Sidha Karya Company Variable Costing Income Statement Sales Marble expenses Variable cost of goods sold Variable selling and administrative expenses 0 223 250 Fredmandaduring overhead Fixed sling and adorative expenses het operating income $ 223.250 Reg 28)