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 $2,010,000 Direct materials Direct labor Production supplies Plant manager salary $250,000 430,000 270,000 50,000 1,000,000 1,010,000 Gross profit Selling expenses Sales commissions Packaging Advertising 80,000 160,000 100, 000 340,000 Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent 100,000 70,000 40,000 50,000 260 000 $ 410,000 Income from operations