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 $850. Selected data for the company's operations last year follow: Units in beginning inventory Units produced 500 Units sold 450 Units in ending inventory 50 Variable costs per unit: Direct materials $150 Direct labour $270 Variable manufacturing overhead $40 Variable selling and administrative $25 Fixed costs: Fixed manufacturing overhead $120,000 Fixed selling and administrative $40.000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. Ans: Qs2. Okanagan College has provided the following data to be used in its service department cost allocations: Service Departments Operating Departments Administration Physical Plant Services Undergraduate Programs Graduate Programs Departmental costs before allocations $1,500,000 $654,000 $32,650.000 $1,890,000 Student credit-hours 40.000 10,000 Space occupied in square metres 2,500 750 25,000 5.000 Required: Using the direct method, allocate the costs of the service departments to the two operating departments. Allocate the costs of the Administration Department based on student credit-hours and the costs of the Physical Plant Services Department based on space occupied