The absorption costing incom statement prepared by the company's accountant for last year appears below: $ 247,500 199,375 48,125 34,625 $ 13,500 Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Required: 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Fixed manufacturing overhead cost included in inventory

The absorption costing incomstatement prepared by the company's accountant for last year appears below. Required: 1. Under absotption costing. how much fixed manufacturing overhead cost is included in the company's inventory at the end of las year? 2. Prepare an income statement for last year using variable costing. Complete this question by entering your answers in the tabs below. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $890. Selected data for the company's operations last year follow. Required: 1. Assume that the company u: sabsorption costing. Compute the unit product cost for one gamelan (Round your intermediate calculations and final answe the nearest whole dollar amount.) 2. Assume that the company as variable costing Compute the unit product cost for one gamelan