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 for $910. Selected data for the company's operations last year follow: Units in beginning inventory Units produced Units sold 0 310 280 Units in ending inventory Variable costs per unit: Direct materials 30 S 130 Direct labor S 350 Variable manufacturing overhead Variable selling and administrative Fixed costs: 50 40 Fixed manufacturing overhead Fixed selling and administrative $62,000 $26,000 The absorption costing income statement prepared by the company's accountant for last year appears below $ 254,800 Sales Cost of goods sold Gross margin Selling and administrative expense 204,400 50,400 37,200 13,200 Net operating income 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. Required 1 Required 2 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 Required 2 Required 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for last year using variable costing Ida Sidha Karya Company Variable Costing Income Statement C C C 0 Required1 Required 2