answer

pok $ 370 int Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $704. Selected data for the company's operations last year follow: Units in beginning inventory Units produced 20,000 Units sold 18,000 Units in ending inventory 2,000 Variable costa per unit: Direct materials $ 110 Direct labor Variable manufacturing overhead $ 58 Variable selling and administrative $ 19 Fixed costs: Fixed manufacturing overhead $ 910,000 Fixed selling and administrative $ 660,000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. Tint ences 1. Absorption costing unit product cost 2. Variable costing unit product cost