The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information: Sales at $570,000, all for cash. Merchandise inventory on November 30 was $260,000. The cash balance at December 1 was $30,000. Selling and administrative expenses are budgeted at $96,000 for December and are paid in cash. Budgeted depreciation for December is $49,000. The planned merchandise inventory on December 31 is $290,000. The cost of goods sold is 70% of the sales price. All purchases are paid for in cash. . There is no interest expense or income tax expense. The budgeted cash receipts for December are: $570,000 $619,000 $435,000 $135,000 Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $692. Selected data for the company's operations last year follow: 23,000 20,000 3,000 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ $ $ $ 130 320 63 15 $660,000 $ 890,000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. 1 Absorption costing unit product cost Variable costing unit product cost 2