Please help me answer these 2 question, I don't understand these questions at all so if you could explain that would be amazing! Thank you so much! This assignment is due 11/21 at 11:59pm so if you could help get it done beforehand that would be amazing! Thank you!

1) Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $780. Selected data for the companys operations last year follow:

Units in beginning inventory	0
Units produced	11,000
Units sold	8,000
Units in ending inventory	3,000
Variable costs per unit:
Direct materials	$ 110
Direct labor	$ 420
Variable manufacturing overhead	$ 50
Variable selling and administrative	$ 18
Fixed costs:
Fixed manufacturing overhead	$ 770,000
Fixed selling and administrative	$ 1,000,000

Required:

a) 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.)

b) Assume that the company uses variable costing. Compute the unit product cost for one gamelan.

2) Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data:

	Year 1	Year 2	Year 3
Inventories
Beginning (units)	210	160	190
Ending (units)	160	190	230
Variable costing net operating income	$ 300,000	$ 269,000	$ 260,000

The companys fixed manufacturing overhead per unit was constant at $560 for all three years.

Required:

a) Calculate each years absorption costing net operating income. (Enter any losses or deductions as a negative value.)