Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a...
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Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $943. Selected data for the company's operations last year follow: Required: 1. Assume the company uses absorption costing. Compute the unit product cost for one gamelan. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. 2. Assume the company uses variable costing. Compute the unit product cost for one gamelan. Royal Lawncare Company produces and selis two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Last year the company produced and sold 42,500 units of Weedban and 16,000 units of Greengrow. Its annual common fixed expenses are $115,000. Required: Prepare a contribution format income statement segmented by product lines
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