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Exercise 7 - 2 ( Algo ) Variable Costing Income Statement; Explanation of Difference in Net Operating Income [ LO 7 - 2 ] Ida

Exercise 7-2(Algo) Variable Costing Income Statement; Explanation of Difference in Net Operating Income [LO7-2]
Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $880. Selected data for the company's operations last year follow:
\table[[Units in beginning inventory,0],[Units produced,280],[Units sold,240],[Units in ending inventory,40],[Variable costs per unit:,$115
Can someone answer these questions with all requirements and income statements done?
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