Ida Company Produces A Handcrafted Musical Instrument Called A Gamelan That Is Similar To A Xylophone The Gamelans Are 1 (16.62 KiB) Viewed 14 times
Ida Company Produces A Handcrafted Musical Instrument Called A Gamelan That Is Similar To A Xylophone The Gamelans Are 2 (12.54 KiB) Viewed 14 times
Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $818. Selected data for the company's operations last year follow: Units in beginning inventory Units produced Units sold. 20,000 17,000 3,000 Units in ending inventory Variable costs per unit: Direct materials $ 160 Direct labor $ 450 Variable manufacturing overhead Variable selling and administrative $.64 $15 Fixed costs: Fixed manufacturing overhead $ 670,000 Fixed selling and administrative $ 490,000
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 dollar amount.) 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. 1. Absorption costing unit product cost 2, Variable costing unit product cost
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