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Compute the unit product costs for one gamelan if company uses absorption costing and variable costing.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. The gamelans are sold for 850 rupiahs. Selected data for the company's operations last year follow :
Units in beginning inventory = 0Units produced = 250Units sold = 225Units in ending inventory = 25Variable costs per unit:Direct materials = Rp 100Direct labor = Rp 320Variable manufacturing overhead = Rp 40Variable selling and administrative = Rp 20Fixed costs:Fixed manufacturing overhead = Rp 60,000Fixed selling and administrative = Rp 20,000
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