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Determine the unit product cost for one gamelan

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Reference no: EM132548861

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 mucical instrument called a gamelan that is similer to a xylophone. The gamelans are sold fo $850.

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

Units in the Beginning: 0

Units Produces: 250

Units Sold: 225

Units in ending Inventory: 25

Variable Costs per Unit:

Direct Materials: $100

Direct Labor: $320

Variable Manufacturing Overhead: $40

Variable Selling and Administrative: $20

Fixed Costs

Fixed Manufacturing Overhead $60,000

Fixed Selling and Administrative $20,000

Question 1: Assume that the company uses absorption Costing. Compute the unit product cost for one gamelan.

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

Reference no: EM132548861

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