Exerclse 8-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of...
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Exerclse 8-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 unlts) for the first quarter of calendar year 2017 reveals the following. Fixed Budget Sales (16,8 nits) Cost of goods sold $3,296,eee Direct materials Direct labor Production supplies Plant nanager salary $488,808 784,808 432,808 288,8081.736.888 Gross profit 1,568,880 Sales commissions Packaging Advertising 144,888 248,888 100 , 484,808 Administrative expenses Adninistrative salaries 256,808 228,888 198,808 288,800 ice equip Insurance Office rent 868,808 Income fron operations s 216,888 Complete the following flexible budgets for sales volumes of 14,000, 16,000, and 18,000 units. (Round cost per unit to 2 decimal places.) Flexible Budgets For Quarter Ended March 31, 2017 Flexible Budget Flexible Budget at Total Fixed 14,000 units 16,000 unitsunits 18,000 Amount per Unit Cost Varia ble costs: Fixed costs
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