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Ida Sidha Karya Company is a family owned company located in the village of Glanyar on the Island of Ball in Indonesia. The company produces
Ida Sidha Karya Company is a family owned company located in the village of Glanyar on the Island of Ball in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for sals. Selected data for the company's operations over the past year are as follows: 0 18.000 Units in beginning inventory Units produced during the year Units sold during the year Unitsin ending inventory 15,000 3,000 $ 190 $ 480 Variable Costs per Unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed Costs: $ 57 $ 20 Fixed manufacturing overhead Fixed selling and administrative. $ 870,000 $ 24,000 Requirements 1. Assume the company uses absorption costing. Calculate the total unit product cost for one gamelan, Identity the cost per unit for each cost component and total cost per unit) below: Materials: Labor: MOHE Total: 2. Assume the company uses variable costing. Calculate the total unit product cost for one gamelan. Identify the cost per unit for each cost component and total cost per un below: Materials: Labor: MOH: Total
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