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Exercise 8-3 (Algo) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales...

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Accounting

Exercise 8-3 (Algo) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 12,000 units) folllows.

Fixed Budget Sales (12,000 units $215 per unit) 2,580,000

Costs

Direct materials 288,000

Direct labor 528,000

Indirect materials 324,000

Supervisor salary 88,000

Sales commissions 96,000

Shipping 192,000

Administrative salaries 138,000

DepreciationOffice equipment 108,000

Insurance 78,000

Office rent 88,000

Income 652,000

1. Compute total variable cost per unit.

2. Compute total fixed costs.

3. Prepare a flexible budget at activity levels of 10,000 units and 14,000 units.

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1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. Complete this question by entering your answers in the tabs below. Compute total variable cost per unit. Complete this question by entering your answers in the tabs below. Compute total fixed costs. Complete this question by entering your answers in the tabs below. Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. Required 2 Required 3

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