Exercise 21-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $2,980,000 $240, 800 430, eee 278. eee 40, eee 980, eee 1,180, Sales (10,000 units) 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 80, eee 140,000 180, eee 320, eee 90,000 60, eee 30, eee 40, 800 220, eee $ 560.ee Complete the following flexible budgets for sales volumes of 8,000. 10,000, and 12,000 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 Total Fixed Amount per 8,000 units 10,000 units Cost units Unit 12,000 Variable costs: Fixed costs