Part I - Calculating Cost per Unit under Absorption and Variable Costing Ida Sidha Karya Company is a family owned company located in the village of Gianyar 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 $885. Selected data for the company's operations over the past year are as follows: 0 18,000 Units in beginning inventory Units produced during the year .... Units sold during the year. Units in ending inventory 15,000 3,000 Variable Costs per Unit: Direct materials $ 190 Direct labor. $ 480 $ 57 Variable manufacturing overhead Variable selling and administrative. $ 20 Fixed Costs: Fixed manufacturing overhead $ 870,000 Fixed selling and administrative...... $ 24,000 Requirements 1. Assume the company uses absorption costing. Calculate the total unit product cost for one gamelan. Identify the cost per unit for each cost component (and total cost per unit) below: Materials: Labor: MOH: Total: 2. Assume the company uses variable costing. Calculate the total unit product cost for one gamelan. Identify the cost per unit for each cost component (and total cost per unit) below: Materials: Labor: : Total