CH 2 2 points Book Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (16,000 units) $3,440,000 Cost of goods sold Direct materials $384,800 Direct labor 784,000 Production supplies 432,000 Plant manager salary 184.000 1,704,000 Gross profit 1,736,000 Selling expenses Sales commissions 128,000 Packaging 256,000 Advertising 100,000 484,000 Administrative expenses Administrative salaries 234, ese Depreciation-office equip. 200,000 Insurance 174,000 Office rent 184,000 796.000 Income from operations 5456,000 Hint Print References Complete the following flexible budgets for sales volumes of 14,000. 16,000 and 18,000 units. (Round cost per unit to 2 decimal places.) TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 ------Flexible Budget-... ...Flexible Budget at Variable Amount per Total Fixed 14,000 units 16,000 units Unit Cost $ $ 215.00 $ 3,440,000 3,010,000 18,000 units ook A Sales Variable costs: Direct materials Direct labor Production supplies Sales commissions Packaging int rint 0.00 0 0 0 rences Total variable costs Contribution margin Fixed costs: Plant manager salary Advertising Administrative salaries Depreciation - Office equip. Insurance Office rent 0 0 0 0 Total fixed costs Income from operations