Check Exercise 23-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following points Fixed Budget $2,592,000 eBook $ 276,000 564,000 312,000 76.000 1.163.000 1.424,000 Sales (12,000 units) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales comissions Packaging Advertising Administrative expenses Administrative salaries Depreciation office equip. Insurance Office rent Income from operations 96.000 168,000 100,00 364,000 126.000 96,000 66,000 5 695,00 Complete the following flexible budgets for sales volumes of 10,000, 12.000, and 14000 units (Round cost per unit to 2 decimal TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 Flexible Budget --Flexible Budget at - Variable Total Fixed 14,000 Amount per 10,000 units 12,000 units Cost units Unit $ 2,59200 Sales Variable costs: Direct materials Direct labor Production supplies Sales commissions Packaging Total variable costs Contribution margin Fbxed costs Plant manager salary Advertising 1 of 10 11 Next > Advertising Administrative salaries Depreciation - Office equip. Insurance Office rent 1000 Total fixed costs income from operations