Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tempo Company's fixed budget (based on sales of 12,000 units) follows. 2,628,000 Fixed Budget Sales (12,000 units * $219 per unit) Costs Direct materials Direct

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Tempo Company's fixed budget (based on sales of 12,000 units) follows. 2,628,000 Fixed Budget Sales (12,000 units * $219 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation office equipment Insurance office rent Income 288,000 516,000 312,000 88,000 108,000 180,000 138,000 108,000 78,000 88,000 724,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit Required Required 2 > 2,628,000 Sales (12,000 units * $219 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation office equipment Insurance Office rent Income 288,000 516,000 312,000 88,000 108,000 180,000 138,000 108,000 78,000 88,000 724,000 1. Compute total variable cost per unit. 2. Compute total fixed costs 3. Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total fixed costs. Total fixed costs Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. TEMPO COMPANY Flexible Budget Variable Amount Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 10,000 14,000 per Unit Administration salaries Depreciation-office equipment Direct labor Direct materials 0.00 0 0 Fixed costs $ 0 $ 0 $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Analytics In The Financial Industry

Authors: Jun Dai

3rd Edition

1787430863, 9781787430860

More Books

Students also viewed these Accounting questions

Question

Know how to observe physical inventory. P-963

Answered: 1 week ago