Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. tempo company's fixed budget (based on sales of 14

Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter reveals the...

60.1K

Verified Solution

Question

Accounting

Tempo Company's fixed budget (based on sales of 14,000 units)for the first quarter reveals the following. Fixed Budget Sales(14,000 units × $207 per unit) $ 2,898,000 Cost of goods soldDirect materials $ 322,000 Direct labor 602,000 Production supplies364,000 Plant manager salary 122,000 1,410,000 Gross profit1,488,000 Selling expenses Sales commissions 98,000 Packaging196,000 Advertising 100,000 394,000 Administrative expensesAdministrative salaries 172,000 Depreciation—office equip. 142,000Insurance 112,000 Office rent 122,000 548,000 Income fromoperations $ 546,000

(1) Compute the total variable cost per unit.

(2) Compute the total fixed costs.

(3) Compute the income from operations for sales volume of12,000 units.

(4) Compute the income from operations for sales volume of16,000 units.

Answer & Explanation Solved by verified expert
3.9 Ratings (593 Votes)
    See Answer
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

Physics
1.2K views

A person walks due north for 1 km then west for 1.5km then southwest for 2.5km....

Physics
1.2K views

Choose the incorrect statement regarding transformers:In step-up transformers, the primary coil is made from thick...

Physics
1.2K views

A charge q is placed at the centre of the open end of a cylindrical...

Physics
1.2K views

The coefficient of volume expansion of a liquid is 49 x 10 5 K 1...

Basic Math
1.2K views

The total fresh vegetables consumed per person per year can be modeled byV(t) = 0.2(t-...

Basic Math
1.2K views

Suppose that I have a 3/5 probability of beating my young nephew in any onegame...

Basic Math
1.2K views

A researcher found a Person correlation, r=-0.42 between frequency of binge drinking and GPA ina...

Calculus
1.2K views

2 Use the first principles formula to find the derivative of y x 6

Accounting
1.2K views

On June 10, Carla Vista Company purchased $8,000 of merchandise on account from Flint Company,...

Accounting
1.2K views

If the market rate of interest is 8%, the price of 6% bonds paying interest...

Accounting
1.2K views

MC Qu. 33 LO 13-03 Oklahoma Oil Corp. paid interest of... Oklahoma...

Finance
1.2K views

Beridze Manufacturing expects to produce 2,300 units in January and 3,800 units in February. Beridze...