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 $910 Selected data for the company's operations last year follow 300 265 35 -30 115 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 325 $ $ s $ 20 $72,000 $34,000 An absorption costing income statement prepared by the company's accountant appears below $241,150 192,125 Sales Cost of goods sold Gross margin Selling and administrative expense Net operating Income 49,025 39,300 $ 9,725 1. Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period Total fixed manufacturing overbead in ending Inventory 50 2. Prepare an income statement for the year using variable costing IDA SIDHA KARYA COMPANY Variable Costing Income Statement Variable expenses Fired expenses