Exercise 21-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $2,800,000 $336,000 616,000 378,000 136,000 1,466,000 1,334,000 Sales (14,000 units) Cost of goods sold Direct 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 Income from operations 112,000 210,000 100,000 422,000 186,000 156,000 126,000 136,000 604,000 308,000 $ Complete the following flexible budgets for sales volumes of 12,000, 14,000, and 16,000 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 12,000 units 14,000 units 16,000 units Cost Unit Variable costs: 0. 000 0 Fixed costs: 0 0 0