Ida Sidha Karya Company is a family owned company located in the village of Glanyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $880. Selected data for the company's operations last year follow. 3.28 Boints Skipped 280 240 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative 115 335 eBook 25 $ 63,000 $ 23,000 Print The absorption costing income statement prepared by the company's accountant for last year appears below. $ References Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income 211,200 170, 400 40, 29, eee 11,800 $ 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. Prepare an income statement for last year using variable costing. Complete this question by entering your answers in the tabs below. Required Required 2 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end o year? 2. Prepare an income statement for last year using variable costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Fixed manufacturing overhead cost included in inventory Required 1 Required 2 > Complete this question by entering your answers in the tabs below. ints Skipped Required 1 Required 2 Prepare an income statement for last year using variable costing. eBook Ida Sidha Karya Company Variable Costing Income Statement Print References