Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Ball 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 $990 Selected data for the company's operations last year follow 200 180 20 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative 5 $ $ $ 120 340 40 30 $56,000 $24,000 An absorption costing income statement prepared by the company's accountant appears below: Sales Cost of goods sold $178,200 148,400 37,800 29,400 Gross margin Selling and administrative expense 8,400 Het operating Income Required: 1. Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period Total foxed manufacturing overhead in ending twentory 2. Prepare an income statement for the year using variable costing, IDA SIDHA KARYA COMPANY Variable Costing Income Statement Variable expenses Fixed expenses THE