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Ida Sidha Karya Company is a family-owned company located on the island of Bal in Indonesia. The company produces a handerafted 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 270 235 35 Units in beginning Inventory Units produced Units sold Units in ending Inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and adminstrative $ 5 $ $ 110 330 30 20 $ 81,000 $ 22,000 The absorption costing income statement prepared by the company's accountant for last year appears below: Sales Cost of goods sold Gross margin Selling and adsinistrative expense Net operating income $223,250 180,250 42,360 26200 5 15,600 Required: 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. 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. Reg 1 RAG ZA Reg 28 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of Last year? Fhed in budur othead cost included in inventory Reg 2 > Reg 1 Req 2A Reg 28 Prepare an income statement for last year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement 4.