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Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter reveals the following. Fixed Budget Sales (10,000 units $202 per unit)$2,020,000
Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter reveals the following.
Fixed Budget
Sales (10,000 units $202 per unit)$2,020,000
Cost of goods sold
Direct materials$240,000
Direct labor420,000
Production supplies270,000
Plant manager salary40,000970,000
Gross profit1,050,000
Selling expenses
Sales commissions90,000
Packaging160,000
Advertising100,000350,000
Administrative expenses
Administrative salaries90,000
Depreciation?office equip.60,000
Insurance30,000
Office rent40,000220,000
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