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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 $ 7 7 3

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $773. Selected data for the companys operations last year follow:
Units in beginning inventory 0
Units produced 18,000
Units sold 15,000
Units in ending inventory 3,000
Variable costs per unit:
Direct materials $ 130
Direct labor $ 390
Variable manufacturing overhead $ 64
Variable selling and administrative $ 16
Fixed costs:
Fixed manufacturing overhead $ 880,000
Fixed selling and administrative $ 790,000

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