Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of 1 answer below »

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Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali 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 companyAc€?cs operations last year follow:

Units in beginning inventory…. 0

Units produced………………….. 250

Units sold…………………………. 225

Units in ending inventory……. 25

Variable costs per unit:

Direct Materials……………….. $100

Direct Labor……………………. $320

Variable Manufacturing overhead $ 40

Variable selling & administrative $ 20

Fixed Costs:

Fixed Manufacturing Overhead… $60,000

Fixed selling & administrative….. $20,000

Required:

Assume that the company uses absorption costing. Compute the unit product cost for one gamelan.

Assume that the company uses variable costing. Compute the unit product cost for one gamelan