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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

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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 to a Canadian importer for $874. Selected data for the company's operations last year follow: 0 Units in beginning inventory Units produced 11,000 Units sold 8,000 3,000 Units in ending inventory Variable costs per unit: 250 $ $ $ 360 Direct materials Direct labour Variable manufacturing $ 61 overhead $ 19 Variable selling and administrative Fixed costs: $ 800,000 Fixed manufacturing overhead $ 990,000 Fixed selling and administrative Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. Unit product cost 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. Unit product cost

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