Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gomelons are soid for $880. Selected dato for the company's operations last year follow: The absorption costing income statement prepared by the compony's accountal for last year appears below: Required: 1. Under absorption costing, how much fixed manufacturing overheod 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. Under absorption costing, how much fixed manufacturing overhead cost is inclived in the company's inventory at the end of last year? Prenare an income statement for last vear usina variable costing