Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. questions: 1. variable cost per unit. 2. total fix

Questions: 1. Variable cost per unit. 2. Total fixed cost. 3. Income from operations at...

80.2K

Verified Solution

Question

Accounting

Questions:

1. Variable cost per unit.

2. Total fixed cost.

3. Income from operations at sales of 14,000 units.

4. Income from operations at sales of 18,000 units.

image

Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter reveals the following. Fixed Budget $3,520,000 $384,880 784, eee 432,000 184,80 1,784, eee 1,816,880 Sales (16,680 units * $22e per unit) 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 144,880 240,000 100,000 484,80 234,280 204,000 174,90 184,80 796, eae $ 536, eee (1) Compute the total variable cost per unit. (2) Compute the total fixed costs. (3) Compute the income from operations for sales volume of 14,000 units. (4) Compute the income from operations for sales volume of 18,000 units

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students