s a handcrafted Balinese musical instrument ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island called a gamelan that is similar to a xylophone. The gamelans are of Gianyar on the island of Bali in Indonesia. The company produce Units in beginning Inventory Units produced Units sold Units in ending inventory Variable costs per unil Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 135 $ 355 S 30 $ 15 Fxed costs: 64,000 27,000 Fixed selling and administrative The absorption costing income statement prepared by the company's accountant for last year appears below 245,100 205,200 900 Cost of goods sold Gross margin Selling and administrative expense Net operating income 8,625 Required 1. Determine how much of the ending inventory consists of fxed manufacturing overhead cost deferred in inventory to the next period. 2. Prepare an income statement for the year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement Variable expenses Fixed expenses