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Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget $2,592,000 Sales
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget $2,592,000 Sales (12,000 units) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary $288,000 516,000 324,000 88,000 1,216,000 1,376,000 Gross profit Selling expenses Sales commissions Packaging Advertising 96,000 192,000 100,000 388,000 Administrative expenses Administrative salaries Depreciation-office equip 108,000 Insurance Office rent 138,000 78,000 88,000412,000 $ 576,000 Income from operations
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