Ida Company produces a handcrafted musical instrument called a gamelan that is similat to a xylophone. The gaxnelins are sold for \$950. Selected data for the company's operations last year follow: The absorption costing income statement prepared by the company's accountant for lest year appears below: Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the compsny's inventery 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. Under absorption costing, how much fixed manufacturing oweithead cost is included in the company's inventory at the and of: last year? The absorption costing income statement prepared by the company's accountant for last year appears below; Required: 1. Under absorption costing, how much fixed 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. Prepare an income statement for last year using variable costing