Chet 1 1 Exercise 7-1 Variable and Absorption Costing Unit Product Costs [LO7-1] 25 points Ida Sidha Karya Company is a family-owned company located on the island of Ball in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $805 Selected data for the company's operations last year follow 01 4127 Suod 23,000 20,000 3.000 . units in beginning inventory Units produced Units sold Units in ending inventory Variable coste per unit Direct material Direet labor Variable manufacturing overhead Variable selling and administrative Tixed costs Fixed manufacturing oechead Fixed selling and administrative Him . 170 440 57 21 5870,000 *650,000 Required: 1. Assume that the company uses absorption costing Compute the unit product cost for one gamelan (Round your intermediate 2. Assume that the company uses variable costing Compute the unit product cost for one gamelan 1. Absorption costing unit producto 2 Variable conting unit product cost