Return to question Exercise 23-2 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 $3,488,089 Sales (16,00e units) Cost of goods sold Direct materials $368,000 688,000 432,000 Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions 168.000 1,656,000 1,752,008 128,008 256.000 Packaging Advertising Administrative expenses 100.000 484,000 Administrative salaries 218.008 Depreciation-office equip 188,000 158,008 168.000 Insurance Office rent 732,008 $ 536,000 Income fron operations Complete the following flexlble budgets for sales volumes of 14,000, 16,000, and 18,000 units. (Round cost per unit to 2 declmal places.) TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 Flexible Budget- Variable Flexible Budget at - Total Fixed Cost 16,000 units 18.000 units Amount 14,000 units per Unit Sales Variable costs: Direct materials Direct labor Production supplies Sales commissions Packaging Total variable costs 0.00 0 0 Contribution margin Fixed costs: Plant manager salary Advertising Administrative salaries Depreciation-Office equip Insurance Office rent Total fixed costs 0 0 0 Income from operations