Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $$889.$ Selected data for the company$$s operations last year follow:

Units in beginning inventory $0$

Units produced $12,000$

Units sold $9,000$

Units in ending inventory $3,000$

Variable costs per unit:

Direct materials $ $180$

Direct labor $ $470$

Variable manufacturing overhead $ $52$

Variable selling and administrative $ $20$

Fixed costs:

Fixed manufacturing overhead $ $920,000$

Fixed selling and administrative $ $990,000$

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.