Flexible Budgets Assignment | Top Universities

Exercise 8-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget $2,412,880 $288,000 528,000 324,000 88,080 1,228,000 1,184,000 Sales (12,000 units) Cost of goods sold Direct materials

Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 96,000 180,000 100.000 376,000 138,000 108,000 78,000 88.00 412.09 395.000 $ Complete the following flexible budgets for sales volumes of 10,000. 12.000 and 14.000 units. (Round cost per unit to 2 decimal places.) TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 —Flexible Budget — –Flexible Budget at – Variable Amount per Total Fixed 10,000 14,000 Cost 12,000 units units units Unit Variable costs: Fixed costs:Get Accounting homework help today