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 for $910 Selected data for the company's operations last year follow 310 280 3e Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ $ $ $ 130 350 50 40 $ 62,000 $ 26,000 The absorption costing Income statement prepared by the company's accountant for last year appears below. Sales Cost of goods sola Gross margin ministrative Art $ 254,800 284,40e 50,400 17.30 Prev 1 of 5 II Next > Search 5:16 PM The absorption costing income statement prepared by the company's accountant for last year appears below. Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income $ 254,800 204,400 50, 4ee 37,200 $ 13,200 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using variable costing. What is the amount of the difference in net operating income between the two costing methods? Complete this question by entering your answers in the tabs below. Regi Reg 2 Reg 28 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using variable costing. What is the amount of the difference in net operating income between the two costing methods? Complete this question by entering your answers in the tabs below. Reg1 Reg 2A Reg 28 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Fixed mandacluring overhad cost included in inventory Req 2A > Reqs Reg 2A Reg 26 Prepare an income statement for last year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement Sales Nariable expenses 0 0 Net Operating income $ 0 Prey 1 of 5 III Next Problems Swed Help Save & Exit Subm Check my work 1. under absorption cosung, now mucn txea manufacturing overnean cost is incrucea in the companys inventory a ine end oftast year? 2. Prepare an income statement for last year using variable costing. What is the amount of the difference in net operating income between the two costing methods? Complete this question by entering your answers in the tabs below. Req: Reg 2A Rua 28 What is the amount of the difference in net operating income between the two costing methods? Amount of the difference in het cerating income ( Req 2A