Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company's operations last year follow: The absorption cosung income statement prepared by the company's accountant for last year appears below: Required: 1. Under absorption costing. how much fored manufacturing overhead cost is included in the companys inventory at the end of last: year? 2 Prepare an income statement for last year using variable costing Complete this question by entering your answers in the tabs below. lart year