Ida Sidha Karya Company is a family-owned company located in t a. The company mu

Question

Ida Sidha Karya Company is a family-owned company located in t a. The company 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: 250 235 15 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 135 $345 30 20 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative s 65,000 s 25,000 The absorption costing Income statement prepared by the company's accountant for last year appears below Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income 223,250 180,950 42,300 29,700 12,600 Required 1. Under absorption year? 2. Prepare an income statement for last year using variable costing. costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last ?Prey 1016 ??? Next >

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Fixed Overhead $ 65,000.00 Unit Produced 250 Unit Sold 235 Unit Unsold 15 Fixed Overhead Included in Inventory(65000/250*15) 3900

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