apter 4 Graded Homework Sud Help Save El Submit 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 $860. Selected data for the company's operations last year follow. ant 320 285 35 BOOK Unite in beginning inventory Units produced Units sold Onits in ending inventory Variable costa per units Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Tixed manufacturing overhead Fixed selling and administrative 5 $ $ 5 135 355 30 15 564.000 $27.000 Heferences The absorption costing income statement prepared by the company's accountant for last year appears below Sales Coat of goods sold Gross margin Selling and administrative expense Met operating income 3245.100 203.200 39.900 31.215 $ 3.625 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last var? MC Graw ! Help Save & ER Submit - 4 Graded Homework Contot grote sota Groergin telling and administrative expense Net operating income 205,200 39,900 31,275 8.625 Required: 1. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 ce Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Flund manufacturing over and cost included in inventory Required 2 > Complete this question by entering your answers in the tabs below. 2 Required 1 Required 2 Prepare an income statement for last year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement + ntes