Check Ida Company produces a handcrafted musical instrument called a gamelan that is similar to...
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Check Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $852 Selected data for the company's operations last year follow: 19,000 16,000 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 260 30 $ $ $ $ 24 $ 650,000 $ 920,000 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 12 Variable costing unit product cost
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