pleas answer both 1and 2 for E 6-2

EXEKCISE 6=1 Variable and Absorption Costing Unit Product Costs LUE-1 Ida Company produces a handerafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company's operations last year follow: axbers etsice Variable Costing and Segment Reporting: Tools for Management Reguired: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. EXERCISE 6-2 Variable Costing lncome Statement; Explanation of Difference in Net Operating Income LOG-2 Refer to the data in Exercise 6-1 for Ida Company. The absorption costing income statement prepared by the company's accountant for last year appears as shown: Final P Required: 1. Under absorption costing, bow much fixed manufacturing overthead cost is included in the company"s inventory at the end of last year? 2. Prepare an income statement for last year using variable costing. Explain the difference in net operating income between the two costing methods