connect All applicable exercises are available with McGraw-Hill's Connect Accounting, EXERCISE 6-1 Variable and Absorption Costing Unit Product Costs (L06-1] Ida Sidha Karya Company is a family-owned company located in the village of Gianyar onth handcrafted Balinese musical instrument island of Bali in Indonesia. The company produces a handcra called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data the company's operations last 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 Valldule CUSUR di w Required: Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. Assume that the company uses variable costing. Compute the unit product cost for one gamelan