Exercise 6-2 (Algo) Variable Costing Income Statement; Explanation of Difference in Net Operating Income [LO6-2] Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $960. Selected data for the companys operations last year follow: Units in beginning inventory 0 Units produced 230 Units sold 200 Units in ending inventory 30 Variable costs per unit: Direct materials $ 110 Direct labor $ 320 Variable manufacturing overhead $ 30 Variable selling and administrative $ 10 Fixed costs: Fixed manufacturing overhead $ 69,000 Fixed selling and administrative $ 27,000 The absorption costing income statement prepared by the companys accountant for last year appears below: Sales