Ida Sidha Karya Company is a family-owned company located in the village of Glanyar on the island of Ball in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold to a Canadian importer for $600. Selected data for the company's operations last year follow: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Unit product cost $ $ $ $ 0 300 230 70 Unit product cost 180 270 60 20 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. $135,000 $ 52,500 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan.

Ida Sidha Karya Company is a family-owned company located in the village of Glanyar on the island of Ball in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold to a Canadian importer for $600. Selected data for the company's operations last year follow: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Unit product cost $ $ $ $ 0 300 230 70 Unit product cost 180 270 60 20 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. $135,000 $ 52,500 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan.

Name: Ida Sidha Karya Company is a family-owned company located in the vill
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Description: Ida Sidha Karya Company is a family-owned company located in the village of Glanyar on the island of Ball in Indonesia. The companyproduces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are s

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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