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Exercise 6-1 (Algo) Variable and Absorption Costing Unit Product Costs [LO6-1] Ida Company produces a handcrafted musical Instrument called a gamelan that is simllar to
Exercise 6-1 (Algo) Variable and Absorption Costing Unit Product Costs [LO6-1] Ida Company produces a handcrafted musical Instrument called a gamelan that is simllar to a xylophone. The gamelans are sold for $827. Selected data for the company's operations last year follow: Requlred: 1. Assume the company uses absorption costing. Compute the unlt product cost for one gamelan. Note: Round your Intermedlate calculations and final answer to the nearest whole dollar amount. 2. Assume the company uses varlable costing. Compute the unit product cost for one gamelan
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