Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for

$$744.$ 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 $$640,000$

Fixed selling and administrative $$570,000$

Required:

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.$)$

Assume that the company uses variable costing. Compute the unit product cost for one gamelan.

Absorption costing unit product cost

Variable costing unit product cost