Check my world Exercise 7-1 Variable and Absorption Costing Unit Product Costs [LO7-11 Ida Sidha Karya Company is a family owned company located 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 $775 Selected data for the company's 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 dinistrative Fixed costs Fixed facturers Finelin i strative 670.000 5910.000 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) 2. Assume that the company uses variable costing Compute the unit product cost for one gamelan