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Help ercises Ida Sidha Karya Company is a family owned company located in the village of Glanyar on the Island of Ball in Indonesia. The
Help ercises Ida Sidha Karya Company is a family owned company located in the village of Glanyar on the Island of Ball in Indonesia. The company produces a handcrafted Ballnese musical Instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $870. Selected data for the company's operations last year follow Unita is beginning Ieventory 30 Variable costs per unitr 105 Variable selling and adsinistrative 65,000 s 21,000 ixed selling and adainistrative The absorption costing income statement prepared by the company's accountant for last year appears below 200,100 Cost of goods nold Be11ing and administrative expense Net operating income .900 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 Complete this question by entering your answers in the tabs below 8
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