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Excerice 23-3 (Algo) Preparing flexible budgets LO P1

Exercise 23-3 (Algo) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) folllows, Fixed Budget Sales (16,000 units * $208 per unit) 3,328,000 Costs Direct materials 368,000 Direct labor 688,000 Indirect materials 432,800 Supervisor salary 168,000 Sales commissions 128,000 Shipping 224,000 Administrative salaries 218,000 Depreciation-office equipment 188,000 Insurance 158,000 Office rent 168,000 Income 588,888 1. Compute total variable cost per unit. 2. Compute total fixed costs 3. Prepare a flexible budget at activity levels of 14,000 units and 18,000 units. Insurance Office rent Income 158,000 168, eee 588,000 1. Compute total variable cost per unit. 2. Compute total fixed costs, 3. Prepare a flexible budget at activity levels of 14,000 units and 18, Complete this question by entering your answers in the tabs b Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit Complete this question by entering your ar Required 1 Required 2 Required 3 Compute total fixed costs. Total fixed costs Rea Flexible Budget Flexible Budget for: Variable Amount Total Fixed Units Sales Unit Sales of Cost of 14,000 18,000 $ 208.00 $ 2,912,000 $3,744,000 per Unit Sales Variable costs Direct materials Direct labor Indirect materials Supervisor salary Shipping 368,000 688,000 432,000 168,000 224,000 0.00 1,880,000 Total variable costs Contribution margin Fixed costs Supervisor salary Administration salaries Depreciation Office equipment Insurance Office rent 200.00 $2.912,000 5 3,144,000 Sales Variable costs Direct materials Direct labor Indirect materials Supervisor salary Shipping 368,000 688,000 432,000 168,000 224,000 0.00 1,880,000 0 Total variable costs Contribution margin Fixed costs Supervisor salary Administration salaries Depreciation - Office equipment Insurance Office rent S Total fixed costs Income 0 $ 0 $ 0

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