Exercise 8-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of...
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Exercise 8-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 18,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (18,000 units) Cost of goods sold $3,816,000 Direct materials Direct labor Production supplies Plant manager salary $450,000 792,000 486,000 250,000 1,978,996 1,838,000 Gross profit Selling expenses Sales commissions Packaging Advertising 144,000 288,000 100,000 532,000 Administrative expenses Administrative salaries Depreciation-office equip Insurance Office rent 300,000 270,000 240,000 250,000 1,060,000 $246,000 Income from operations Complete the following flexible budgets for sales volumes of 16,000, 18,000, and 20,000 units. (Round cost per unit to 2 decimal places.) Complete the following flexible budgets for sales volumes of 16.000, 18.000, and 20,000 units. (Round cost per unlt to 2 declmal places.) TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 Flexible Budget Flexible Budget at Variable Total Fixed Amount per 16,00018,000 unitsu Cost Unit Fixed costs
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