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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 $880. Selected data for

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $880. Selected data for the companys operations last year follow: Units in beginning inventory 0 Units produced 24,000 Units sold 20,000 Units in ending inventory 4,000 Variable costs per unit: Direct materials $ 200 Direct labor $ 490 Variable manufacturing overhead $ 52 Variable selling and administrative $ 23 Fixed costs: Fixed manufacturing overhead $ 670,000 Fixed selling and administrative $ 670,000 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 va

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