Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2015 reveals the following Fixed Budget $2,982,000 Sales (14,000 units) Cost of goods sold Direct materials 350,000 Direct labor 616.000 378,000 Production supplies Plant manager salary 150,000 1,494,000 1,488,000 Gross profit Selling expenses 126,000 Sales commissions 210,000 Packaging Advertising 100,000 436.000 Administrative expenses 200,000 Administrative salaries Depreciation--office equip 170,000 140,000 150,000 660.000 Insurance Office rent 392,000 Income from operations