Week 3 4 ida Sidha Karya Company is a family-owned company located in the villag

Question

Week 3 4 ida Sidha Karya Company is a family-owned company located in the village of Glanyar on the island produces a handcrafted Balinese musical instrument called a gamelan that is simillar to a xylophone. The gamelans are sold for $959 Selected data for the company's operations last year follow 185 points Units in beginning inventory Units Units sold Units in ending inventory Variable costs per unit: 24,0e0 21,eee 3,eee Reterences Direct materials Direct labor Variable manufacturing overhead $ 288 $ 456e t 48 Variable selling and administrative $ 28 $998,800 Fixed selling and administrative $968,800 Fixed costs: Fixed manufacturing overhead calculations and final answer to the nearest whole dollar amount.) aetoctcod forone gamelan. Prev 3of9 Next > O Type here to se

Explanation / Answer

Solution:

1. Absorption costing

Fixed manufacturing overhead ($990,000÷ 24,000)

2. Variable costing

Amount Direct material $280 Direct labour $450 Variable manufacturing overhead $48

Fixed manufacturing overhead ($990,000÷ 24,000)

$41.25 Unit product cost $819.25

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