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 $3,960,000 $414,800 756, eee 486,800 214,800 1,870, eee 2,890, eee Sales (18.800 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 144,000 252,899 180,000 496, eee 264, eee 234,00 284,899 214,800 916, eee 678,000 $ 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.) TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 ------Flexible Budget------ ------Flexible Budget at ----- Variable Total Fixed 16,000 Amount per 18,000 units 20,000 units units Cost Unit Sales Variable costs: Direct materials Direct labor Production supplies Sales commissions Packaging Fixed costs: Plant manager salary Advertising Administrative salaries Depreciation - Office equip. Insurance Office rent Income from operations