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 to a Canadian importer for $400. 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 $ 170 Direct labour $ 130 Variable manufacturing overhead $ 60 Variable selling and 20 administrative Fixed costs: Fixed manufacturing overhead $105,000 Fixed selling and administrative $ 47,500 VA Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan 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 cos