Exercise 21-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 18,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $3,654,000 $414,000 792,000 468,000 214,000 1,888,000 1,766,000 Sales (18,000 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 162,000 288,000 100,000 550,000 264,000 234,000 204,000 214,000 $ 916,000 300,000 Complete the following flexible budgets for sales volumes of 16,000, 18,000, and 20,000 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 Cost 16,000 units 18,000 units 20.000 units Unit Amount per Total Fixed Variable costs: TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 ----Flexible Budget- - Flexible Budget at --- Variable Amount per Total Fixed Cost 16,000 units 18,000 units 20,000 units Unit Variable costs: Fixed costs: 0 0