Exercise 8-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (10,000 units) Cost of goods sold $2,110,000 Direct materials Direct labor Production supplies Plant manager salary $240,000e 430,000 260,000 40,000 970,000 1,140,000 Gross profit Selling expenses Sales cammissions Packaging Advertising 7O,000 150,000e 100,000 320,000 Administrative expenses Administrative salaries Depreciation-office equip Insurance Office rent 90,000 60,000 30,000 40,000 220,000 $600,000 Income fram operations Complete the following flexible budgets for sales volumes of 8,000, 10,000, and 12,000 units. (Round cost per unit to 2 decimal places.) For Quarter Ended March 31, 2017 Flexible Budget.. Flexible Budget at -- Variable Amount per Unit Total Fixed units 12,000 units 8,000 units 10,000 units Cost Variable costs Fixed costs