Ida company produces a handcrafted musical instrument called gamelan that is similar to a xylophone. The gamelans are sold for $970. Selected data for the company's operation last year follow:

Exercise 6-2 (Algo) Variable Costing Income Statement; Explanation of Difference in Net Operating Income [LO6-2] Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold $970. Selected data for the company's operations last year follow: The absorption costing income statement prepared by the company's accountant for last year appears below: numam an inmomo etatoment for last vear using variable costing