CH Exercise 7-1 Variable and Absorption Costing Unit Product Costs (L07-13 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 $901. Selected data for the company's operations last year follow: 0 11,000 8,000 3,000 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per uniti Direct materiala Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ $ $ $ 180 470 51 24 $990,000 $820.000 95 Required: calculations and final answer to the nearest whole dollar amount.) 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. (Round your intermediate 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. 1 2 Absorption costing unit product cost Variable costing unit product cost Prey 1 of 3 !!! Next >