Tempo Company's fixed budget (based on sales of 7,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget $2,800,000 $280,000 490,000 175,000 65,000 1,010,000 1,790,000 Sales (7,000 unita) Cont 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 operation 140,000 154,000 125,000 419,000 85,000 35,000 20,000 36,000 176,000 $1,195,000 Complete the following flexible budgets for sales volumes of 6,000, 7,000, and 8,000 units. Answer is not complete. TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 Flexible Budant- Flexible Budget at Variable Amount Total Fixed Cost 6,000 units 7,000 units 8,000 units per Unit Sales Variable costs: Direct materials Direct labor Production supplies Sales commissions Packaging Advertising 240,000 420,000 150,000 120,000 132,000 107,143 1,169,143 280,000 490,000 175,000 140,000 154,000 125,000 1,364,000 320,000 560,000 200,000 160.000 176,000 142,857 1,558,857 0.00 Fixed costs: 65.000 65,000 85,000 SIS 85,000 Plant manager salary Administrative salaries Depreciation-office equip Insurance 65,000 85,000 35,000 35,000 35,000 65,000 85,000 35,000 20,000 36,000 20.000 20.000 Office rent 20,000 36,000 36,000 36,000 241,000 Total fixed costs Income from operations 241,000 241,000 241,000