Exercise 8-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget $3,296,800 Sales (16,000 units) Cost, of goods sold $384,000 Direct materials Direct labor Production supplies Plant manager salary 688,000 416,000 184,800 1,672,000 1,624,000 Gross profit Selling expenses Sales commissions Packaging Advertising 128,000 240,000 100,00046,000 Administrative expenses 234,000 204,000 174,000 184,000 796,000 Administrative salarles Depreciation-office equip. Insurance office rent Income from operations 360,000 Complete the following flexible bdgets for sales volumes of 14.000, 16,000, and 18,000 units. (Round cost per unit to 2 decimal places.)