A. B. C. Ida Sidha Karya Company is a family-owned company located in the villag

Question

A.

B.

C.

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 $850. 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 250 225 25 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative S 100 S 320 S 40 $ 20 Fixed costs Fixed manufacturing overhead Fixed selling and administrative 60,000 S 20,000 Required 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. Unit product cost 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan Unit product cost

Explanation / Answer

A.

Note:- As per guidelines I have answered the first question only. As there are different questions.

Absorption Variable Units Product Cost: Costing Costing UPC (1) UPC (2) Units in BI               -   Units produced           250 Units sold           225 Units in EI              25 Variable costs per unit: Direct materials           100               100                100 Direct labor           320               320                320 Variable MOH              40                  40                   40 Variable Selling and Admin              20 Fixed Costs: Fixed MOH     60,000               240 Fixed Selling and Admin     20,000 Unit product cost               700                460

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