Exercise 21-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter reveals the following Fixed Budget $3,024,000 $336,000 602,000 392,000 136,000 1,466,000 1,558,000 Sales (14,000 units x 5216 per unit) 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 112,000 210,000 100,000 422,000 186,000 156,000 125,000 136,000 604,000 $ 532,000 (1) Compute the total variable cost per unit Required 1 Required 2 Required 3 Required 4 Compute the total variable cost per unit. Variable cost per unit Reguled Required 2 Required 1 Required 2 Required 3 Required 4 Compute the total fixed costs. Total fixed costs