Exercise 23-2 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. points Fixed Budget $3,750,000 $414,000 774,000 486,000 214,000 1,888,000 1,892,000 Sales (18,000 units) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales Comissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 126,00 270,000 100,000 References 496,000 264,000 234.000 204,000 214,000 916,689 480, $ 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 Amount per Total Fixed 16.000 units 18.000 units 20,000 units Cost Ini Variable costs Direct materials Direct labor 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.) . points TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 Flexible Budget Flexible Budget at Variable Total Fixed Amount per 16,000 units 18,000 units Cost Unit eBook 20,000 units References Sales Variable costs: Direct materials Direct labor | Production supplies Sales commissions Packaging Total variable costs Contribution margin Fixed costs Plant manager salary Advertising Administrative salaries Depreciation - Office equip Insurance Office rent Total Fored costs income from operations