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Ida Sidha Karya Compeny is a family-owned company located in the viliage of Glanyot on the island of Bali in Indonesia. The company produces a
Ida Sidha Karya Compeny is a family-owned company located in the viliage of Glanyot on the island of Bali in Indonesia. The company produces a handcrefted Balinese musical instiument called a gamelan thet is similar to a xylophone. The gamelans nre solf to a Canadian importer for S870. Selected data for the compony's operations last year follow. An absorption costing income statement prepered by the company's accountant oppeors below. Required: 1. Determine how much of the ending inventory consists of fuxed manufactuning overhead cost delerred in inventory to the next pensed 2. Prepare an income statement for the year using the variable costing method
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