Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 14.000 units) for the first quarter reveals the following Fixed Budget $3,238,888 $350.000 588,888 392,000 150,eee 1,480,000 1,558,00 Sales (14,00 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 98.000 196,000 100,00 394,000 200.ece 17e.ee 140.000 150,00 660.ece 584.288 $ (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. Required 1 Required 2 Required 3 Required 4 Compute the total variable cost per unit. Variable cost per unit Required 1 Required 2 Required 3 Required 4 Compute the total fixed costs. Total fixed costs 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 Required 1 Required 2 Required 3 Required 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