Exercise 8-2 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 Sales (12,e00 units) Cost of goods sold $2,604,000 Direct materials Direct labor Production supplies Plant manager salary $288,000 528,000 336,900 88,000 1:248,000 1,364,000 Gross profit Selling expenses Sales commissions Packaging Advertising 108,000 168,00 100,000 376,000 Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent 138,000 108,000 78,000 88,000 412,000 Income from operations 576,000 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.) 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 10,000 units 12,000 units Cost units Unit Variable costs: 0.00 Fixed costs