Ida Company produces a handcrafted musical instrument callod a gamolan that is similar to a xylophone. The gamefans are sold for $990. Selncted data for the company's operations last year followr. 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 oveehesd cost is included in the company's inventory at the end of last year? 2. Prepere an income statement for last year using varlable costing Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare an income statement for last year using variable costing