Company produces a handcrafted balinese

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Reference no: EM13915719

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 $902. Selected data for the company's operations last year follow:


Units in beginning inventory		0
Units produced		15,000
Units sold		13,000
Units in ending inventory		2,000
Variable costs per unit:
Direct materials		$ 280
Direct labor		$ 390
Variable manufacturing overhead		$ 56
Variable selling and administrative		$ 23
Fixed costs:
Fixed manufacturing overhead		$ 840,000
Fixed selling and administrative		$ 940,000

Required:

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

Reference no: EM13915719

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