- Ida Sidha Karya Company Is A Family Owned Company Located On The Island Of Ball In Indonesia The Company Produces A Han 1 (49.46 KiB) Viewed 8 times
Ida Sidha Karya
Company is a family-owned
company located on the Island of Ball in Indonesia. The
company produces a handcrafted Balinese musical Instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $950. Selected data for the
company's operations last year follow: 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 Fixed selling and administrative Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income $ 37 37 37 $ $ $ Required 2 The absorption costing Income
statement prepared by the
company's accountant for last year appears below: 8 278 235 35 $ 81,000 $ 22,000 $ 223,250 180,950 42,300 26,700 $ 15,600 118 330 30 28 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. Complete this
question by entering your answers in the tabs below. Required 1 Under absorption costing, how much fixed manufacturing overhead cost is included in the
company's inventory at the end of last year? Fixed manufacturing overhead cost included in inventory Required 1 Required 2 >
Required 1 Required 2 Prepare an income
statement for last year using variable costing. Ida Sidha Karya
Company Variable Costing Income
Statement < Required 1 $ 0 0 0 0 Required 2 >