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 gamelons are sold for $990 Selected data for the company's operations last year follow, 10 point 200 ste 20 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit Direct waterials Direct labor Variable manufacturing overhead Variable selling and Administrative Fixed costs Fixed manufacturing overhead Fixed selling and ministrative 120 340 5 $ $ 30 $ 56,000 $ 24,000 The absorption costing income statement prepared by the company's accountant for last year appears below: Cost of goods sold Gross margin Selling and administrative expense Net operating income 5178.200 140,400 37.500 29 400 5 8,40 Required: 1. Under absorption costing how much fived 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 Required 2 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Forced manufacturing overhead cost included in Inventory fi Required 2 > Required 1 Required 2 2 Prepare an income statement for last year using variable costing, Ida Sidha Karya Company Variable Costing Income Statement 10 points eBook Print References