Ida sidha karya is a family owned company located in the village of Gianyar 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 $960. Selected data for the companys operations last year follows:

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali ia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $960. Selected data for the company's operations last year follow Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit 230 200 30 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 110 $ 320 $ 30 $ 10 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative 69,000 $ 27,000 The absorption costing income statement prepared by the company's accountant for last year appears below 192,000 Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income 152.000 40.000 29,000 S 11.000