HW Chapter 7 i Saved Help Save & Exit Submit Check my work Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $907. Selected data for the company's operations last year follow: 16.66 points Units in beginning inventory Units produced 14, 090 Units sold 12, 000 eBook Units in ending inventory 2,060 Variable costs per unit: Direct materials $ 260 Hint Direct labor $ 430 Variable manufacturing overhead $ 46 Print Variable selling and administrative $ 25 References Fixed costs: Fixed manufacturing overhead $ 1,000,000 Fixed selling and administrative $ 740, 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 Mc Graw Hill