Ida Company produces a handeratted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold tat \$990. Selected data for the company's operations last year follow: The obsorption costing income statement prepared by the company's accountent for last year appears below: Required 1. Under absorption costing. how much foxed manufacturing ovemend cost is included in the companys inventory at the end of last year? 2. Prepare an income statement for last year using variable costing Complete this question by entering your answers in the tabs below. Under absorption costing, how much foced manufacturing overhead cost is inciuded in the company's inventory at the end of last vear? Prepare an income statement for last year using variable costing