Ida Company produces a handcrafted musical Instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $714. Selected data for the company's operations last year follow: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Required: 0 21,000 19,000 2,000 $ 100 $ 400 $ 58 $ 23 $ 760,000 $ 1,000,000 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. (Round your Intermediate calculations and final answer to the nearest whole dollar amount.) 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. 1. Absorption costing unit product cost 2. Variable costing unit product cost Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost Information relating to the products follow: Selling price per unit Variable expenses per unit Product Weedban $ 9.00 Greengrow $ 35.00 $ 2.50 $ 130,000 $ 14.00 $ 30,000 Traceable fixed expenses per year Last year the company produced and sold 43,000 units of Weedban and 17,000 units of Greengrow. Its annual common fixed expenses are $114,000. Required: Prepare a contribution format Income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 S 0