Question: Exercise 6-1 Variable and Absorption Costing Unit Product Co 06-1] Ida Sidha Karya Company is a family-owned company located on the island of Balinese
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Exercise 6-1 Variable and Absorption Costing Unit Product Co 06-1] Ida Sidha Karya Company is a family-owned company located on the island of Balinese musical instrument called a gamelan that is similar to a xylophone T company's operations last year follow. Units in beginning inventory Units produced Units sold Units in ending inventory 18,000 Indonesia. The company produces a handcrafte ens are sold for $743. Selected data for the Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative 15,000 3,000 $ 140 $ 380 $ 45 $ 18 $690,000 $810,000 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
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