C Exercise 6-1 (Algo) Variable and Absorption Costing Unit Product Costs [LO6-1] Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for Its $745. Selected data for the company's operations last year follow: Units in beginning inventory 0 eBook Units produced 22, 000 Units sold 20, 000 Hint Units in ending inventory 2, 000 Variable costs per unit: Print Direct materials $ 180 Direct labor $ 360 eferences Variable manufacturing overhead $ 48 Variable selling and administrative $ 19 Fixed costs : Fixed manufacturing overhead $ 820, 000 Fixed selling and administrative $ 870,000 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 2. Variable costing unit product cost