Week 1 i Saved ave & Exit Submit Check my work 10 points 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 to a Canadian importer for $850. Selected data for the company's operations last year follow: eBook Hint Print References Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labour Variable manufacturing overhe Variable selling and administ Fixed costs: Fixed manufacturing overhead Fixed selling and administrat Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. Unit product cost ces 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. Unit product cost E9-15 Franklin Ltd., a gift store, reported the following amounts in its 2020 financial state- ments. The 2019 figures are given for comparison Evaluating ratio data 1. 2020, 0.72 2020 2019 Current assets Cash Short-term investments Accounts receivable Less: Allow. for doubtful accts Inventory Prepaid insurance Total current assets Total current liabilities Net sales $ 12,000 46,000 $120,000 20,000 100,000 384,000 4,000 $ 546,000 $ 218,000 $1,460,000 $ 26,000 22,000 $148,000 18,000 130,000 378,000 4,000 $ 560,000 $ 224,000 $1,464,000 Chapter 9 Receivables 529 Week 1 i Saved ave & Exit Submit Check my work 10 points 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 to a Canadian importer for $850. Selected data for the company's operations last year follow: eBook Hint Print References Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labour Variable manufacturing overhe Variable selling and administ Fixed costs: Fixed manufacturing overhead Fixed selling and administrat Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. Unit product cost ces 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. Unit product cost E9-15 Franklin Ltd., a gift store, reported the following amounts in its 2020 financial state- ments. The 2019 figures are given for comparison Evaluating ratio data 1. 2020, 0.72 2020 2019 Current assets Cash Short-term investments Accounts receivable Less: Allow. for doubtful accts Inventory Prepaid insurance Total current assets Total current liabilities Net sales $ 12,000 46,000 $120,000 20,000 100,000 384,000 4,000 $ 546,000 $ 218,000 $1,460,000 $ 26,000 22,000 $148,000 18,000 130,000 378,000 4,000 $ 560,000 $ 224,000 $1,464,000 Chapter 9 Receivables 529