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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 $850. Selected data for the companys 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 $ 100 Direct labor $ 320 Variable
manufacturing overhead $ 40 Variable selling and administrative $ 20 Fixed costs: Fixed
manufacturing overhead $ 60,000 Fixed selling and

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Ida Company produces a handcrafted musical instrument called a gamel.pdf

  • 1. Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the companys 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 $ 100 Direct labor $ 320 Variable manufacturing overhead $ 40 Variable selling and administrative $ 20 Fixed costs: Fixed manufacturing overhead $ 60,000 Fixed selling and