Question: please explain step by step eith formulas please Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The

please explain step by step eith formulas please

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $770. Selected data for the company's operations last year follow: 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 doliar amount.) 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan

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