Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of...
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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 Sales (12,000 units) Cost of goods sold $2,568,000 Direct materials Direct labor Production supplies Plant manager salary $276,000 516,000 336,000 76,000 1,204,000 1,364,000 Gross profit Selling expenses Sales commissions Packaging Advertising 96,000 180,000 100,000 376,000 Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent 126,000 96,000 66,000 76,000 364,000 Income from operations $ 624,000
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