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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 $887. Selected data for
Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $887. Selected data for the companys operations last year follow: Units in beginning inventory 0 Units produced 23,000 Units sold 21,000 Units in ending inventory 2,000 Variable costs per unit: Direct materials $ 230 Direct labor $ 420 Variable manufacturing overhead $ 63 Variable selling and administrative $ 24 Fixed costs: Fixed manufacturing overhead $ 780,000 Fixed se
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