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Ida Sidha Karya Company is a family-owned company located in the village of Glanyar 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 to a Canadian importer for $980. Selected data for the company's operations last year follow: 0 280 265 15 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Tixed coats Fixed manufacturing overhead Fixed selling and administrative 150 $ $ $ $ 370 45 30 $70,000 $30,000 An absorption costing income statement prepared by the company's accountant appears below: $259,700 215,975 Sales Cost of goods sold Gross margin Selling and administrative expense 43,725 37.950 llet operating Income 55,775 Required: 1. Determine how much of the ending Inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period. Required: 1. Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period, To fond manuladung overhead in anding ry 2. Prepare an income statement for the year using variable costing, IDA SIDHA KARYA COMPANY Variable Costing Income Statement Variable expenses Food expenses