Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $764. Selected data for the company’s operations last year follow:

Units in beginning inventory 0
Units produced 17,000
Units sold 15,000
Units in ending inventory 2,000
Variable costs per unit:
Direct materials $ 110
Direct labor $ 420
Variable manufacturing overhead $ 50
Variable selling and administrative $ 19
Fixed costs:
Fixed manufacturing overhead $ 920,000
Fixed selling and administrative $ 960,000
Required:
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.
Assume the company uses variable costing. Compute the unit product cost for one gamelan.