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Compute the unit product cost for one gamelan

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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 $817. Selected data for the company's operations last year follow:

     

Units in beginning inventory

  

0

Units produced

  

18,000

Units sold

  

16,000

Units in ending inventory

  

2,000

Variable costs per unit:

    

Direct materials

  

$ 260

Direct labor

  

$ 350

Variable manufacturing overhead

  

$ 49

Variable selling and administrative

  

$ 24

Fixed costs:

    

Fixed manufacturing overhead

  

$ 690,000

Fixed selling and administrative

  

$ 590,000
 

Required:

1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan.(Round your intermediate calculations and final answer to nearest whole dollars.)

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

Reference no: EM131754386

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