Ida Sidha Karya Company is a family-owned company located 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 $990. Selected data for the company's operations last year follow: od 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 Pixed costs: Fixed manufacturing overhead Fixed selling and administrative The absorption costing income statement prepared by the company's accountant for last year appears below: 42.750 Cost of goods sold Gross margin Selling and administrative expense Net operating income 625 10.125 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 Req 1 Req 2A Req 28 Under absorption costing, how much fixed manuf last year? Included in the company's inventory at the end of Fixed manufacturing overhead cost included in inventory Reg 2A > 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. Req1 Req 2A Reg 2B Prepare an income statement for last year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement . N Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unitt Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs Pixed manufacturing overhead Pixed selling and administrative $ 72,000 $ 27.000 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 $ 222,750 180,000 42,750 32.625 10.125 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 2B What is the amount of the difference in net operating income between the two costing methods? Amount of the difference in net operating income