Ida Sidha Karya Company is a family-owned company located in the village of Gian

Question

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 for $843 Selected data for the company's operations last year follow Units in begiming inventory Units produced Units sold Units in ending inventory Variable costs per umit 11, 000 9, 000 2, 000 Direct materials Direct labor Variable maufacturing overhead Variable selling and administrative $260 350 47 20 Fixed costs Fixed manuf acturing overhead Fixed selling and administrative $620, 000 $950, 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 Absorption costing unit product cost Variable costing unit product cost 1. 2.

Explanation / Answer

1 Direct materials 260 Direct labor 350 variable manufacturing overhead 47 Fixed manufacturing overhead 56 =620000/11000 Unit product cost 713 2 Direct materials 260 Direct labor 350 variable manufacturing overhead 47 Unit product cost 657

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