,000 Exercise 6-1 (Algo) Variable and Absorption Costing Unit Product Costs (L06-1] Ida Company produces a handcrafted musical Instrument called a gamelan that is similar to a xylophone. The garnelans are sold for $708. Selected data for the company's operations last year follow Units in beginning inventory . Units produced 13,000 Unds sold 10,000 Units in ending Inventory Variable costs per unit Direct materih $ 120 Direct Tabor $30 Variable manufacturing overbe $50 Variable selline and administrative $24 Fixed costo Fixed manufacturing overhead 750,000 $450,000 Required: 1. Assume that the company uses absorption costing Compute the unit product cost for one samelan (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 gorelan 1 Absorption costing unt product cost 2 Variable costing unit product cont