Tempo Company€™s fixed budget for the first quarter of calendar year 2013 reveals the following. Prepare flexible budgets following the format of Exhibit 23.3 that show variable costs per unit, fixed costs, and three different flexible budgets for sales volumes of 6,000, 7,000, and 8,000units.

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$2,800,000 Cost of goods sold Direct materials .A$280,000 Direct labor 490,000 Production supplies . . . Plant manager salary 65,000 .010,000 175,000 Gross profit . Selling expenses 1.790,000 Sales commissions140,000 Packaging.154,000 125,000 419,000 Administrative expenses Administrative salaries . 85,000 Office rent Income from operations. 36000176,000 $1.195,000