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 $800. Selected data for the company's operations last year follow: Units in beginning inventory Units produced Units sold Units in ending inventory 0 500 455 45 Variable costs per unit: Direct materials $ 190 Direct labour $ 300 Variable manufacturing overhead 60 Variable selling and administrative $ 20 Fixed manufacturing overhead Fixed costs: Fixed selling and administrative $100,000 $ 50,500 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. Unit product cost 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. Unit product cost