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 $950. Selected data for the company's operations last year follow 235 5$ Units in beginning inventory Units produced 250 Units sold Units in ending inventory Variable costs per uniti Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs Fixed manufacturing overhead $65,000 Pixed selling and $25,000 administrative 30 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 Yxpense Bet operating is some $223,250 180,950 42,300 29, 700 $ 12, 600 Required: 1. Under absorption costing, how much fixed manufacturing overead costs 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 Req 2A Reg 28 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's Inventory at the end of last year? Foxed manufacturing overhead cost included in inventory Reg 2A> The absorption costing Income statement prepared by the company's accountant for last year appears below: $223,250 180,950 42,300 Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income 29,700 $ 12,600 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 1 Req 2A Req 2B Prepare an income statement for last year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement What is the amount of the difference in net operating income between the two costing methods? Amount of the difference in nel + operating income