Chapter 7A Graded Homework Help Save & Che Exercise 7-1 Variable and Absorption Costing Unit Product Costs (L07-1) 3.33 points Ida Sidha Karya Company is a family-owned company located on the island of Bal in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $917. Selected data for the company's operations last year follow: 11,000 Units in beginning inventory Units produced Units sold Units in ending inventory Variable coats per unit: Dirent materials Direct Labor Variable manufacturing overhead Variable selling and administrative Fixed costs Fixed manufacturing overhead Fixed selling and administrative $400.000 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. 2. Absorption conting unit product cost Variable costing unit product cost