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ASAP! Ida Sidha Karya Company is a family-owned company located on the Island of Ball In Indonesia. The company produces a handerated Balinese musical instrument
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Ida Sidha Karya Company is a family-owned company located on the Island of Ball In Indonesia. The company produces a handerated Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $990. Selected data for the company's operations last year follow: 0 200 180 Dita in beginning inventory Daits produced Valits sold Units in ending inventory Variable costs per units Direct materiala Direct labor Variable sarutacturing overhead Variable selling and administrative Elod cost Mixed nanolacturing overhead Pized selling and adsinistrativo 120 10 30 $ 55,000 $ 2,000 The absorption costing income statement prepared by the company's accountant for last year appears below. 18.200 140,400 cost of gods sold Gross margin selling and administrative expense Het operating income 29 400 400 Required: 1. Under absorption costing, how much fixed manulacturing 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 costingStep by Step Solution
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