Ida Sidha Karya Company is a family-owned company located in the village of Gianyar 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 $840. Selected data for the companys operations last year follow:

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar 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 $840. Selected data for the company's operations last year follow: points Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: 300 275 25 Hint Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 100 $310 30 35 Print Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $66,000 31,000 References The absorption costing income statement prepared by the company's accountant for last year appears below: Sales Cost of goods sold Gross margin Selling and administrative expense 40,625 Net operating income $ 231,000 181,500 49,500 $ 8,875 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 1Required 2 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Required 1 Required 2 >