Exercise 21-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $2,508,000 $276,000 516,000 324,000 76,000 1,192,000 1,316,000 Sales (12,000 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 84,000 180,000 100,000 364,000 126,000 96,000 66,000 76,000 364,000 588,000 $ Complete the following flexible budgets for sales volumes of 10,000, 12,000, and 14,000 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 10,000 units 12,000 units Cost units Unit Variable costs: Fixed costs