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 $850. Selected data for the company's operations last year follow: Doints Book Hint Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unitt Direct materials Direct labor Variable manufacturing overhead Variable selling and administrati Fixed costs Fixed manufacturing overhead Fixed selling and administrative References Required: 1. Assume that the company uses absorpti 2. Assume that the company uses variab BES 1 2 Absorption costing unit product cost Variable costing und product cost s Ida Sidha Karya Company is a family owned company located in the village of Glanyar on the island of Ball in Indonesia produces a handcrafted Balinese musical Instrument called a gamelan that is similar to a xylophone. The gamelans are Selected data for the company's operations last year follow. lansere solar for moints RA Book 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 References 60,000 2 The absorption costing Income statement prepared by the company's accountant for last Sales Cost of goods sold e Gross margin Selling and administrative expense Het operating income Required: ma Hint 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. What is the amount of the difference in net operating income between the two costing methods? choring om i pant References Mode? lost your Complete this question by entering your answers in the tabs below. Reg 28 Req 1 Req2A Req 2B Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Fored manufacturing overhead cost included in inventory Req2A > Complete this question by entering your answers in the tabs below. Reg Reg 2A Red 28 Prepare an income statement for last year uning variable cost Ida Sidha Karya Company Variable Costing Income Statement eBook Deferences UBICOLE CRIC SOLCHICHTELIC y Con 2. Assume that the company uses variable costing a. Compute the unit product cost. b. Prepare an income statement for the year. no Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Reg 20 Prepare an income statement for the year. Assume that the company Lynch Company Absorption Costing Income Statement Reg 10 points Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year, Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Reg 2A Reg 28 Compute the unit product cost. Assume that the company uses variable costing Unit product cost ( Req 18 Roq 28 ) Complete this question by entering your answers in the tabs Reg 1A Reg 1B Reg 28 2 Prepare an income statement for the year. Assume Lynch Company Variable Costing Income Statement 1