Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter reveals the following. Fixed Budget $3,038,000 $322,000 602,000 392,000 122,000 1,438,000 1,600,000 Sales (14,000 units * $217 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 98,000 210,000 100,000 408,000 172,000 142,000 112,000 122,000 548,000 $ 644,000 (1) Compute the total variable cost per unit. (2) Compute the total fixed costs. (3) Compute the income from operations for sales volume of 12,000 units. (4) Compute the income from operations for sales volume of 16,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 $ 644,000 (1) Compute the total variable cost per unit. (2) Compute the total fixed costs. (3) Compute the income from operations for sales volume of 12,000 units. (4) Compute the income from operations for sales volume of 16,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the total variable cost per unit. wwwwwwwww Variable cost per unit Lupie uie income from operations for sales volume of 16,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the total fixed costs. Total fixed costs Required 1 Required 3 > IMUIH Irom operations 548,000 $ 644,000 (1) Compute the total variable cost per unit. (2) Compute the total fixed costs. (3) Compute the income from operations for sales volume of 12,000 units. (4) Compute the income from operations for sales volume of 16,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the income from operations for sales volume of 12,000 units. Income from operations at sales of 12,000 units (1) Compute the total variable cost per unit. (2) Compute the total fixed costs. (3) Compute the income from operations for sales volume of 12,000 units. (4) Compute the income from operations for sales volume of 16,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Requirekt 4 Compute the income from operations for sales volume of 16,000 units. Income from operations at sales of 16,000 units Required 3 Required 4 > The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 17,000 lbs. at $4.20 per lb. 5,550 hours for a total of $106,005 30.030 Budgeted standards for each unit produced are 0.50 pound of direct material at $4.00 per pound and 10 minutes of direct laborat $20.00 per hour. AH - Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) (2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Do not round intermediate calculations.) Actual Cost Standard Cost AQ SP SP $ 0 S Direct materials price variance Direct materials quantity variance Total direct materials variance o Unfavorable 0 Unfavorable Unfavorable Required Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable...Do not found inter a cca Actual Cost Standard Cost SR TX $ 0 $ 0 $ Direct labor rate variance Direct labor efficiency variance Total direct labor variance 0 Favorable Unfavorable Unfavorable Required information Variable costs 0.00 Fixed costs 0 $ 0 Problem 08-1A Part 3 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. The company president is! confident that this volume is within the relevant range of existing capacity. How much would operating income increase over the budgeted amount of $160,000 if this level is reached without increasing capacity? PHOENIX COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (in units) 15,000 18,000 Contribution margin (per unit) Contribution margin Fixed costs Operating income Problem 08-1A Part 4 4. An unfavorable change in business is remotely possible; in this case, production and sales volume for the year could fall to 12.000 units. How much income (or loss) from operations would occur if sales volume falls to this level? (Enter any loss with minus sign.) PHOENIX COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (in units) 12.000 Contribution margin (per unit) Contribution margin Fixed costs Operating income (loss) 15,000