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: Units in beginning inventory Units produced Units sold Unita in ending inventory Variable costs per 250 225 25 eBook uniti Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative 100 $320 40 $20 References Fixed co ta: Fixed manufacturing overhead Pixed selling and administrative 60,000 20,000 The absorption costing income statement prepared by the company's accountant for last year appears below: Sales Cost of goods sold Cross margin Selling and administrative expense Net operating ineome 191.250 157- 33,.750 24,500 9,250