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Help Save & Exit Submit 2 Check my work Ida Sidha Karya Company is a family-owned company located on the island of Bal in Indonesia. The company produces a handcrafted Ballinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold fort $990. Selected data for the company's operations last year follow 4 points Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs Fixed manufacturing overhead $65,000 Fixed selling and administrative 250 230 20 eBook 145 365 Hint 40 Ask 25 $29,000 The absorption costing income statement prepared by the company's accountant for last year appears below: Sales $227,700 186,300 41,400 Cost of goods sold Gross margin Selling and administrative expense Net operating income 34,750 6.650 Required: 1 Under absorption costing, how much fixed manufacturing overhead 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. What is the amount of the difference In net operating income between the two costing methods? your answers in the tabs below, Complete this question by entering Req 1 Req 2A Req 2B Prepare an income statement for last year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement Sales Variable expenses Units in beginning inventory Sales Variable cost of goods sold C Contribution margin Fixed expenses Fixed manufacturing overhead Fixed selling and administrative expenses Net operating income Req 2B>