Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a...
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Accounting
Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $ Selected data for the companys operations last year follow:
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 $
Required:
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.
Assume that the company uses variable costing. Compute the unit product cost for one gamelan.
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