Firenze Company's fixed budget for the first quarter of the calendar year appears below. Prepare flexible budgets that show variable costs per unit, fixed costs and two different flexible budgets for sales volumes of 22,000 and 24,000.

Sales (20,000 units)		$800,000
Cost of goods sold:
Direct materials	$160,000
Direct labor	150,000
Variable overhead	100,000
Fixed overhead	120,000	530,000
Gross profit		$270,000
Selling expenses:
Sales commissions (all variable)	40,000
Advertising (all fixed)	50,000
General and administrative expenses:
Salaries (all fixed)	80,000
Rent (all fixed)	30,000
Depreciation (all fixed)	20,000	220,000
Net income from operations		$50,000