Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $718. Selected data for the company's operations last year follow: 0 14,000 12,000 2,000 swarded 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 adninistrative Fixed costs Fixed manufacturing overhead Fixed selling and administrative ored $ $ $ $ 140 330 54 24 Book $620,000 $480,000 Pivot References Required: 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. 2 Absorption costing unit product cost Variable costing unit product cost 627 548