Ida Sidha Karya Company is a family-owned company located on the island of Ball In...

70.2K

Verified Solution

Question

Accounting

image
Ida Sidha Karya Company is a family-owned company located 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 for $870. Selected data for the company's operations last year follow: 10 Doints 0 260 230 30 Boch Unita in beginning inventory Units produced Units mold Units in ending inventory Variable costs per uniti Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costat Tixed manufacturing overhead Tixed selling and administrative 105 325 $ 5 S $ Hint 15 $ 65,000 $ 21,000 Print The absorption costing Income statement prepared by the company's accountant for last year appears below: teferences Sales Cont of goods sold Gross margin selling and administrative expense Net operating income $ 200,100 166,750 33,350 24,450 8.900 Required: 1. Under absorption casting, how much flwed manufacturing overhead cost is Included in the company's Inventory at the end of last 2. Prepare an income statement for last year using variable costing. year? Complete this question by entering your answers in the tabs below. Required Required 2 Under absorption costing, how much fixed manufacturing overhead costs included in the company's inventory at the end of last year? Fixed manufacturing overhead cost included in Inventory Required 2 >

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students