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Exercises E7-1 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 sounding bars are cast from brass and hand-filed to attain just the right sound. The bars are then mounted on an intricately hand- carved wooden base. The gamelans are sold for 850 (thousand) rupiahs. (The currency in Indonesia is the rupiah, which is denoted by Rp.) Selected data for the company's operations last year follow (all currency values are in thousands of rupiahs): perating profit Units in beginning inventory ed manufacturing ove Units produced Units sold Units in ending inventory 225 Variable costs per unit: ermine each year's a absorption costi during Year 4' from invente 25. orm of a reconciliation Direct materials Direct labour 2- In Year 4, the ce Variable manufacturing overhead 320 Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative 000'09d Required 000'07 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. Direct material Absorption Direct labour VOH HO Unit product costs What do we add? What do we do with variable / fixed selling and admin Direct material Variable costing Direct labour VOH Unit product costs

Exercises E7-1 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 sounding bars are cast from brass and hand-filed to attain just the right sound. The bars are then mounted on an intricately hand- carved wooden base. The gamelans are sold for 850 (thousand) rupiahs. (The currency in Indonesia is the rupiah, which is denoted by Rp.) Selected data for the company's operations last year follow (all currency values are in thousands of rupiahs): perating profit Units in beginning inventory ed manufacturing ove Units produced Units sold Units in ending inventory 225 Variable costs per unit: ermine each year's a absorption costi during Year 4' from invente 25. orm of a reconciliation Direct materials Direct labour 2- In Year 4, the ce Variable manufacturing overhead 320 Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative 000'09d Required 000'07 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. Direct material Absorption Direct labour VOH HO Unit product costs What do we add? What do we do with variable / fixed selling and admin Direct material Variable costing Direct labour VOH Unit product costs

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Exercises E7-1 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 sounding bars are cast from brass and hand-filed to attain just the right sound. The bars are then mounted on an intricately hand- carved wooden base. The gamelans are sold for 850 (thousand) rupiahs. (The currency in Indonesia is the rupiah, which is denoted by Rp.) Selected data for the company's operations last year follow (all currency values are in thousands of rupiahs): perating profit Units in beginning inventory ed manufacturing ove Units produced Units sold Units in ending inventory 225 Variable costs per unit: ermine each year's a absorption costi during Year 4' from invente 25. orm of a reconciliation Direct materials Direct labour 2- In Year 4, the ce Variable manufacturing overhead 320 Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative 000'09d Required 000'07 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. Direct material Absorption Direct labour VOH HO Unit product costs What do we add? What do we do with variable / fixed selling and admin Direct material Variable costing Direct labour VOH Unit product costs
Transcribed Image Text:Exercises E7-1 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 sounding bars are cast from brass and hand-filed to attain just the right sound. The bars are then mounted on an intricately hand- carved wooden base. The gamelans are sold for 850 (thousand) rupiahs. (The currency in Indonesia is the rupiah, which is denoted by Rp.) Selected data for the company's operations last year follow (all currency values are in thousands of rupiahs): perating profit Units in beginning inventory ed manufacturing ove Units produced Units sold Units in ending inventory 225 Variable costs per unit: ermine each year's a absorption costi during Year 4' from invente 25. orm of a reconciliation Direct materials Direct labour 2- In Year 4, the ce Variable manufacturing overhead 320 Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative 000'09d Required 000'07 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. Direct material Absorption Direct labour VOH HO Unit product costs What do we add? What do we do with variable / fixed selling and admin Direct material Variable costing Direct labour VOH Unit product costs
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