Exercise 8-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 18,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget $3,924,000 Sales (18,000 units) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salar $414,000 774,000 486,000 214,000 88,990 1,888,000 2,036,000 Gross profit Selling expenses Sales commissions Packaging Advertising 144,000 270,000 100,00 514,000 Administrative expenses Administrative salaries Depreciation-office equip Insurance Office rent 264,000e 234,000 204,000 214,000 1,9 916,000 $ 606,000 Income from operations Complete the following flexible budgets for sales volumes of 16,000, 18,000, and 20,000 units. (Round cost per unit to 2 decimal places.)