Ida sidha karya company is a family-owned company located

Reference no: EM13588231

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 $780. Selected data for the companys operations last year follow:

Units in beginning inventory

Units produced

24,000

Units sold

21,000

Units in ending inventory

3,000

Variable costs per unit:

Direct materials

$ 160

Direct labor

$ 400

Variable manufacturing overhead

$ 61

Variable selling and administrative

$ 21

Fixed costs:

Fixed manufacturing overhead

$ 700,000

Fixed selling and administrative

$ 530,000

1)Assume that the company uses absorption costing. Compute the unit product cost for one gamelan.

2)Assume that the company uses variable costing. Compute the unit product cost for one gamelan.

Reference no: EM13588231

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