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de Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $834, Selected data for the company's operations last year Follow tite in beginning inventory Uits produced 14/000 Unite sold 11,000 Unin ending inventory Variable conto per unit Direet materials $ 110 Direct Tabor $400 Variable manufacturing overhead 555 Variable selling and administrative 21 Fixed coats Pixed manufacturing overhead $330.000 Fixed selling and administrative 3.880.000 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. Absorption conting unit product cost 2 Variable costing unit product cost 5 145 Ida Company produces a handcrafted musical Instrument called a gamelan that is similar to a xylophone. The gamelons are sold for $834 Selected data for the company's operations last year follow Units in beginning inventory 0 Units produced 14,000 Units sold 11,000 Units in ending inventory 3,000 Variable costs per uniti Direct materials $ 110 Direct labor $ 480 Variable manufacturing overhead $ 55 Variable selling and administrative $ 21 Fixed costs: Fixed manufacturing overhead $ 830,000 Fixed selling and administrative $ 880,000 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 $ 145