Return to question Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bol in Indonesia. The company produces a handcrafted Balinese musical Instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850 Selected data for the company's operations last year follow 250 225 23 Units in begin to nits produced Besold Unite sending Latery Variable costa per unit buret tek Direct labor Variable seturiny overhead Variable set antistrative coats Pied manufacturing overhead Fixed doing and deve $ . 100 120 40 20 60.000 $ 20,000 The absorption costing income statement prepared by the company's accountant for last year appears as shown cost of wood old Grossman Selling and depen Het pratico 19120 3700 33,50 20.300 # 250 Required: Under absorption costing, how much fed manufacturing overhead cost is included in the company's inventory at the end of lost 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? 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? Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 23 Prepare an income statement for last year using variable costing Ida Sidha Karya Company Variable Costing Income Statement Sales $ 191,250 Variable expenses $ 100 320 40 Variable cost of goods sold 240 % 700 Contribution margin 190,550 Fixed expenses $ 100 Fixed selling and administrative expenses 3203 Fixed manufacturing overhead 420 oo 00