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Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $993. Selected data for

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $993. Selected data for the companys operations last year follow: Units in beginning inventory 0 Units produced 20,000 Units sold 16,000 Units in ending inventory 4,000 Variable costs per unit: Direct materials $ 260 Direct labor $ 510 Variable manufacturing overhead $ 51 Variable selling and administrative $ 23 Fixed costs: Fixed manufacturing overhead $ 840,000 Fixed selling and administrative $ 440,000 Required: Assume the company uses absorption costing. Compute the unit product cost for one gamelan. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Assume the company uses var

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