Prepare flexible budgets that show variable costs per unit

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Reference no: EM13572086

Tempo Company's fixed budget for the first quarter of calendar year 2013 reveals the following.

Sales (16,000 units) $3,424,000
Cost of goods sold

Direct materials    $379,040
Direct labor 679,360
Production supplies    429,760
Plant manager salary               179,040

1,667,200

Gross profit 1,756,800

Selling expenses

Sales commissions                     124,480
Packaging                                   238,080
Advertising                                 100,000

462,560

Administrative expenses

Administrative salaries                  229,040
Depreciation-office equip.             199,040
Insurance                                      169,040
Office rent    179,040

776,160

Income from operations $518,080

Prepare flexible budgets that show variable costs per unit, fixed costs, and three different flexible budgets for sales volumes of 14,000, 16,000, and 18,000 units.

Reference no: EM13572086

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