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Met haterial nai tourida inte Malai Apta) | p ae Puri Fai Par| wat) Sunnew care ATM Me MArum 2451 EXERCISE 7-1 Variable and Absorption Costing Unit Product Costs [LOL] Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The sounding bars are cast from brass and hand-filed to attain just the right sound. The bars are then mounted on an intricately hand-carved wooden base. The gamelans are sold for 850 (thousand) rupiahs (The currency in Indonesia is the rupiah, which is denoted by Rp.) Selected data for the company's operations last year follow all currency values are in thousands of rupiahs): 0 250 225 25 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 administrative Rp 100 Rp320 Rp40 Rp20 Rp60,000 Rp20.000 Variable Costing: A Tool for Management 295 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan