Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelars are sold for $824. Selected data for the company's operations last year follow Units in beginning inventory Units produced 10,000 Units sold 7,000 Units in ending Inventory 3,000 Variable costs per unit: Direct materials 5240 Direct labor 5.340 Variable manufacturing overhead 3.18 Variable selling and administrative 11 Fixed costs Fixed manufacturing overhead $ 960,00 Fixed selling and administrative $760.ee Required: 1 Assume that the company uses absorption costing Compute the unit product cost for onl gamelan (Round your intermediate calculations and final answer to the nearest whole dollar amount) 2. Assume that the company uses variable costing compute the unit product cost for one gamelan ADS costing unit productos 5.340 $.48 5.15 Direct labor Variable manufacturing overhead Variable selling and administrative El casts Fixed manufacturing overhead Fixed selling and administrative $ 960,000 $ 769,00 Required: 1 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.) 2. Assume that the company uses variable costing Compute the unit product cost for one gamelan. 1. Absorption costing unit product cost 2. Variable costing unit product cost