da 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 gamelans are sold for S Selected data for the company's operations last year follow ory Units produced Units sold Units in ending inventory Variable costs per unit: 280 180 Direct materials Direct labor Varlable manufacturing overhead Variable selling and administrative 120 340 S Fixed costs: 56,000 s 24,00e The absorption costing income statement pepared by the company's accountant for last year appears below: Sales Cost of goods sold Gross margin Selling and administrative expense 37,800 Required: 1. Under absorption costing, how much fixed manufacturing 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 costing Required 1 Required 2 last Prey 2 of 6 Noxd