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 $950. Selected data for the companys operations last year follow:

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 similar to a xylophone. The gamelans are sold for $950. Selected data for the company's operations last year follow Units in beginning inventory Units produced 0 250 mts Sold ding inventory Variable costs per unit: Direct materials 125 Direct labor 335 Marieble ollig and administrative 30 Fixed costs: S 75,000 S 15,000 Fixed manufacturing overhead Fixed selling and administrative The absorption costing income statement prepared by the company's accountant for last year appears below Sales Cost of goods sold 218.500 187.450 Slsmargin 21 900 dministrative expense Net operating income S 9.150 Required: Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred othe next period. inventory Total fixed manufacturing overhead in ending inventory S5SS ss 2. Prepare an income statement for the year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement Variable expenses: 0 $ 0 Fixed expenses: 10 $ 0 OO