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 $975. Selected data for the company's operations last year follow. Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit Direct materials 0 20,000 17 000 3,000 $ 270 con $ Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs Fixed manufacturing overhead Fixed selling and administrative DUU 60 24 $700.000 S720,000 ABSORPTION VARIABLE DM DL Var MOH FIXED MOH Unit Prod Cost Units in FG inventory X Difference in Unit Prod Cost Diff in Income will be: (VAR format will have lower income) VARIABLE FORMAT INCOME STATEMENT ABS. FORMAT INCOME STATEMENT SALES VC-COGS VC - SG&A CM FC-manuf FC-SG&A Income OS Difference 02 05 Compute Ida Sidha Karya Company's INCOME using a VARIABLE format 1/5 06 Compute Ida Sidha Karya Company's INCOME using an ABSORPTION COSTING format 1/5 07 What is the difference in Income between the two (enter as a positibe number to nearest dollar)