A companys fixed budget (based on 7,000 units) follows. Compute total fixed costs. Fixed Budget Sales (7,000 $800 per unit) $ 5,600,000 Costs Direct materials 560,000 Direct labor 980,000 Indirect materials 350,000 Supervisory salary 130,000 Sales commissions 280,000 Shipping 308,000 Administrative salaries 420,000 Depreciation Office equipment 70,000 Insurance 40,000 Office rent 72,000 Income $ 2,390,000