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 $900. Selected data for the company's operations last year follow: 300 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 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative 125 345 45 35 $ 63.000 $ 25, eee 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 $ 247.500 199,375 48. 125 34,625 $ 13.5es 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. Complete this question by entering your answers in the tabs below. 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 $ 5.250 * Respired Required 2 > 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. $ 2475001 Ida Sidha Karya Company Variable Costing Income Statement Sales Variable expenses Units in beginning inventory $ 0 Variable cost of goods sold 154.500 Variable cost of goods sold 154,500 93.000 TO 3 03,000 (Required 1 Feed