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Complete the flexible budgets for sales volumes

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Reference no: EM131299453

Preparation of flexible budgets

Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2015 reveals the following.

     Fixed Budget  
  Sales (12,000 units)           $ 2,640,000
  Cost of goods sold              
       Direct materials   $ 288,000        
       Direct labor     516,000        
       Production supplies     312,000        
       Plant manager salary     88,000       1,204,000
    
   
  Gross profit             1,436,000
  Selling expenses              
       Sales commissions     96,000        
       Packaging     192,000        
       Advertising     100,000       388,000
    
       
  Administrative expenses              
       Administrative salaries     138,000        
       Depreciation-office equip.     108,000        
       Insurance     78,000        
       Office rent     88,000       412,000
    
   
  Income from operations           $ 636,000
            

Complete the following flexible budgets for sales volumes of 10,000, 12,000, and 14,000 units.

Reference no: EM131299453

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