Ida Sidha Karya Company is a family-owned company located in the village of Glanyar 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 for $840. Selected data for the company's operations last year follow: 0 300 275 25 Units in beginning inventory Units produced Units mold Unitsin ending inventory Variable costa per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed contai Fixed manufacturing overhead Fixed selling and administrative $ 100 310 30 35 $ $ 66,000 $ 31,000 The absorption costing income statement prepared by the company's accountant for last year appears below: Sales Coat of good sold Grons margin Selling and administrative expense Net operating Income $ 231,000 181,500 49,500 40,625 $ 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 vorlable costing. What is the amount of the difference in net operating income between the two costing methods? Comnete 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? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Prepare an Income statement for last year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement Sales Variable expenses Variable cost of goods sold Variable selling and administrative expenses 0 O Fixed expenses: Fixed selling and administrative expenses 0 Net operating income 0 K Rog Rod 20 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of la 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? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 What is the amount of the difference in net operating Income between the two costing methods? Amount of the afference in net operating income