Exercise 8-3 (Algo) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 10,000 units) folllows. Fixed Budget Sales (10,000 units $211 per unit) Costs Direct materials Direct labor 2,110,000 240,000 440,000 Indirect materials 280,000 Supervisor salary 40,000 Sales commissions 70,000 Shipping 150,000 Administrative salaries 90,000 Depreciation-Office equipment 60,000 Insurance 30,000 Office rent 40,000 Income 670,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 8,000 units and 12,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a flexible budget at activity levels of 8,000 units and 12,000 units. TEMPO COMPANY Flexible Budget Variable Amount per Unit Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 8,000 12,000