Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 18,000 units) for the first quarter reveals the following. Sales (18,000 units x $201 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Fixed Budget $3,618,000 $432,000 774,000 486,000 232,000 1,924,000 1,694,000 144,000 270,000 100,000 514,000 Administrative expenses Administrative salaries 282,000 Depreciation-office equip. 252,000 Insurance 222,000 office rent 232,000 988,000 Income from operations 5 192,000 Sales commissions Packaging Advertising (1) Compute the total variable cost per unit (2) Compute the total fixed costs. (3) Compute the income from operations for sales volume of 16,000 units (4) Compute the income from operations for sales volume of 20,000 units. Complete this question by entering your answers in the tabs below. 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 Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 18,000 units) for the first quarter reveals the following. Sales (18,000 units x $201 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Fixed Budget $3,618,000 $432,000 774,000 486,000 232,000 1,924,000 1,694,000 144,000 270,000 Advertising 100,000 514,000 Administrative expenses Administrative salaries 282,000 Depreciation-office equip. 252,000 Insurance 222,000 office rent 232,000 988,000 Income from operations $ 192,000 Sales commissions Packaging (1) Compute the total variable cost per unit (2) Compute the total fixed costs. (3) Compute the income from operations for sales volume of 16,000 units. (4) Compute the income from operations for sales volume of 20,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the income from operations for sales volume of 20,000 units. Income from operations at sales of 20,000 units