Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesis. 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 $651 Selected data for the company's operations last year follow 37 22.000 10.000 4.000 Units in beginning Inventory Units produced Units sold units in ending Inventory Variable costs per unit Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs Fixed manufacturing overhead Fixed selling and admistrative 1 $ 5 5 110 350 53 24 5610,000 5610,000 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