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 $880. Selected data for the company's operations last year follow: 280 240 40 eBook 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 Tixed selling and administrative 115 335 35 Hint $ 63,000 $ 23,000 Ask The absorption costing income statement prepared by the company's accountant for last year appears below: Print Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income $ 211,200 170,400 40,800 29,000 $ 11,800 References 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? Required: 1. Under absorption costing, how much foxed 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 Red 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? Fund manufacturing overhead cost included in inventory Red 2A > Reg 1 Reg 2A Reg 28 Prepare an income statement for last year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement Reg 28 > 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. Reg 1 Reg 2 Reg 28 What is the amount of the difference in net operating income between the two costing methods? Amount of the difference in net operating income 1 Req2A