Ida Company produces a handcratted musical instrument called a gamelan that is similar to a xylophone. Ine gamelans are soid tor $880. 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: Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Drenare an inrome statement for lact wear ucinn variahle metinn