Ida Sidha Karya Company is a family-owned company located 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 $976. Selected data for the company's operations last year follow Units in beginning inventory Units produced Units sold Units in ending inventory 16,000 13,000 3,000 Variable costs per unit:: Direct materials $ 240 Direct labor $ 5:0 Variable manufacturing overhead $ 62 Variable selling and administrative 18 Fixed manufacturing overhead $700,000 $580,000 Fixed costs: Fixed selling and adeinistrative Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. (Round your Intermediate calculations and final answer to the nearest whole dollar amount.) 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. 1. Absorption costing unit product cost 2 Variable costing unit product cost