Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter reveals...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter reveals the following.
| Fixed Budget | ||||||||
| Sales (12,000 units $205 per unit) | $ | 2,460,000 | ||||||
| Cost of goods sold | ||||||||
| Direct materials | $ | 300,000 | ||||||
| Direct labor | 516,000 | |||||||
| Production supplies | 312,000 | |||||||
| Plant manager salary | 100,000 | 1,228,000 | ||||||
| Gross profit | 1,232,000 | |||||||
| Selling expenses | ||||||||
| Sales commissions | 96,000 | |||||||
| Packaging | 180,000 | |||||||
| Advertising | 100,000 | 376,000 | ||||||
| Administrative expenses | ||||||||
| Administrative salaries | 150,000 | |||||||
| Depreciationoffice equip. | 120,000 | |||||||
| Insurance | 90,000 | |||||||
| Office rent | 100,000 | 460,000 | ||||||
| Income from operations | $ | 396,000 | ||||||
(1) Compute the total variable cost per unit. (2) Compute the total fixed costs. (3) Compute the income from operations for sales volume of 10,000 units. (4) Compute the income from operations for sales volume of 14,000 units.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.