come Ida Company produces a handcrafted musical instrument called a gamelan that is similar to EXERCISE 6-1 Variable and Absorption Costing Unit Product Costs LO6-1 xylophone. The gamelans are sold for $850. Selected data for the company's operations les year follow: 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 $100 $320 $40 $20 $60,000 $20,000 279 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