Compute the unit product costs for one gamelan if company uses absorption costing and variable costing.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. The gamelans are sold for 850 rupiahs. Selected data for the company's operations last year follow :
Units in beginning inventory = 0
Units produced = 250
Units sold = 225
Units in ending inventory = 25
Variable costs per unit:
Direct materials = Rp 100
Direct labor = Rp 320
Variable manufacturing overhead = Rp 40
Variable selling and administrative = Rp 20
Fixed costs:
Fixed manufacturing overhead = Rp 60,000
Fixed selling and administrative = Rp 20,000