Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar year 2015 reveals the following Fixed Budget $3,360,000 Sales (16,000 units) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary $400,000 704,000 432,000 200,000 1,736,000 Gross profit Selling expenses 1,624,000 Sales commissions Packaging Advertising 144,000 240,000 100,000 484,000 Administrative expenses Administrative salaries Depreciation-office equip Insurance Office rent 250,000 220,000 190,000 200,000 860,000 Income from operations $280,000