Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $910. Selected data for the company's operations last year follow: 0 300 270 30 Units in beginning inventory Units produced Units sold Units in ending inventory Variable conta per unit Dirdet materials Direct labor Variable manufacturing overhead Variable selling and administrative Tixed costs Pixed manufacturing overhead Fixed selling and administrative 00:49:29 $ $ $ $ 140 350 35 15 Sipped $ 69,000 $ 26,000 eBook The absorption costing income statement prepared by the company's accountant for last year appears below: References Sales Cost of goods sold Gross margin Selling and administrative expense Bet operating income $ 245, 700 203,850 61,850 30,050 $ 11.800 Required: 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 Saved Homework Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income $ 245,700 203,850 41,850 30,050 $ 11,800 Required: 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. 0:49:10 Complete this question by entering your answers in the tabs below. BO Required: Required 2 References Under absorption costing, how much fixed manufacturing overhead cost is included in the company's Inventory at the end of last year? Fixed manufacturing overhead cost included in inventory Required 2 > 2 Required 1 Required 2 Prepare an income statement for last year using variable costing. 6.66 points Ida Company Variable Costing Income Statement 00:48:55 Sipped Book Print 0 References 0 0 $ O