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:

$10$ points

References

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

Fixed selling and administrative

$$72,000$

$$34,000$

The absorption costing income statement prepared by the company's accountant for last year appears below:

Sales

Cost of goods sold

Gross margin

Selling and administrative expense

Net operating income

$\backslash$table$[[$$$241,150$