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Exercise 8-3 (Static) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 7,000 units) follows. $ 2,800,000 Fixed Budget Sales (7,000 units x $400 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation Office equipment Insurance Office rent 280,000 490,000 175,000 65,000 140,000 154,000 210,000 35,000 2 , 36,000 1, 195, 000 5 Income 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 6,000 units and 8,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 6,000 units and 8,000 units. Complete this question by entering your answers in the tabs below. Required 3 Required 1 Required 2 ch Compute total fixed costs. Total fixed costs Required 1 Required 2 Required 3 Prepare a flexible budget at activity levels of 6,000 units and 8,000 units. TEMPO COMPANY Flexible Budget Variable Amount Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 6,000 8,000 per Unit Variable costs 0.00 0 0 0.00 0 0 Fixed costs $ 0 0 $ 0 Variable per Unit Administration salaries Depreciation Office equipment Direct labor Direct materials 0.00 per Indirect materials Insurance Office rent Sales Sales commissions Shipping Office rent Sales Sales commissions Shipping Supervisor salary