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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 $ 1 , 0

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $1,011. Selected data for the companys operations last year follow:
Units in beginning inventory 0
Units produced 21,000
Units sold 18,000
Units in ending inventory 3,000
Variable costs per unit:
Direct materials $ 290
Direct labor $ 490
Variable manufacturing overhead $ 46
Variable selling and administrative $ 17
Fixed costs:
Fixed manufacturing overhead $ 730,000
Fixed selling and administrative $ 470,000
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 variable costing. Compute the unit product cost for one gamelan.

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