Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on...
80.2K
Verified Solution
Link Copied!
Question
Accounting
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 $780. Selected data for the companys operations last year follow:
Units in beginning inventory
0
Units produced
24,000
Units sold
21,000
Units in ending inventory
3,000
Variable costs per unit:
Direct materials
$ 160
Direct labor
$ 400
Variable manufacturing overhead
$ 61
Variable selling and administrative
$ 21
Fixed costs:
Fixed manufacturing overhead
$ 700,000
Fixed selling and administrative
$ 530,000
1)Assume that the company uses absorption costing. Compute the unit product cost for one gamelan.
2)Assume that the company uses variable costing. Compute the unit product cost for one gamelan.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
