Exercise 8-2 Preparing flexible budgets LO P Tempo Company's fixed budget (based on sales of...
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Exercise 8-2 Preparing flexible budgets LO P Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget Sales (14,000 units) Cost of goods sold 3,066, 000 Direct materials Direct labor Production supplies Plant manager salary $336,000 602,000 364,000 136,000 1,438,000 Gross profit Selling expenses 1,628,000 Sales commissions Packaging Advertising 126,000 210,000 100,000 436,000 Administrative expenses Administrative salaries Depreciation-office equip. Insurance office rent 186,000 156,000 126,000 136,000 604,000 588,000 Income from operations Complete the following flexible budgets for sales volumes of 12,000, 14,000, and 16,000 units. (Round cost per unit to 2 decimal places.) Flexible Budgets For Quarter Ended March 31, 2017 Flexible Budget Flexible Budget at- Variable Total Fixed Cost 16,000 12,000 units 14,000 unitsunits Unit Variable costs
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