Ida Sidha Karya Company is a family-owned company located in the village of Glanyar 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 for $880. Selected data for the company's operations last year follow: 0 280 240 40 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 Pixed manufacturing overhead Fixed selling and administrative $ $ $ $ 115 335 35 25 $ 63,000 $ 23,000 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 $ 211,200 170.400 40,800 29.000 $ 11,800 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. Reg 1 Reg 2A Req 2B Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Fixed manufacturing overhead cost included in inventory Ren Req2A > Check my work 35 Variable manufacturing overhead Variable selling and administrative Fixed costat Tixed manufacturing overhead Pixed selling and administrative $ 63,000 $ 23,000 The absorption costing Income statement prepared by the company's accountant for last year appears below: Sales Cout of goods sold Cross margin selling and administrative expense Net operating income $ 211,200 170,400 40,800 29,000 $ 11,000 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. Req Reg 2A Req 25 Prepare an income statement for last year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement 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 banderafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for 5880. Sed data for the company's operations last year follow 280 260 40 Uite in beginning inventory Units produced Units sold Units in ending inventory Variable costs per units Diret materials Direct Labor Variable manufacturing overhead Variable selling and administrative Fixed costs Fixed manufacturing overhead Fixed selling and administrative $ $ 135 335 35 25 $63,000 $ 23,000 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 $ 211,200 170.400 40,800 29.000 $ 11,800 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 Red 2A Reg 28 What is the amount of the difference in net operating income between the two costing methods? mount of the difference in net operating income