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Complete the following flexible budgets for sales volumes

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Reference no: EM131800194

Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2015 reveals the following.

  Fixed Budget  
  Sales (14,000 units)   $2,898,000  
  Cost of goods sold      
       Direct materials 322,000    
       Direct labor 616,000    
       Production supplies 392,000    
       Plant manager salary 122,000 1,452,000  
    
  Gross profit      1,446,000    
  Selling expenses          
       Sales commissions 98,000        
       Packaging 210,000        
       Advertising 100,000    408,000    
        
  Administrative expenses          
       Administrative salaries 172,000        
       Depreciation-office equip. 142,000        
       Insurance 112,000        
       Office rent 122,000    548,000    
    
  Income from operations     $490,000    

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.)

Reference no: EM131800194

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