Exercise 21-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $3.440,000 $384.000 688,000 432,000 184,000 1,688,000 1.252,000 Sales (16,000 units) Cost of goods sold Direet materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation office equip. Insurance office rent 128,000 240,000 100,000 468,000 234,000 204,000 174,000 284,000 796,000 450.000 Complete the following flexible budgets for sales volumes of 14,000, 16,000, and 18,000 units. (Round cost per unit to 2 decimal places.) TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 Flexible Budget -Flexible Budget at Variable Total Fixed Amount per 1000 units 15.000 units 18.000 units Unit TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 --Flexible Budget- ....Flexible Budget at - Variable Amount per Total Fixed 14,000 units 16,000 units 18,000 units Unit Cost Variable costs: Fixed costs