Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter of calendar year
Fantastic news! We've Found the answer you've been seeking!
Question:
Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter of calendar year 2017 reveals the following.
fixed budget | ||||||||
Sales (10,000 units) | ps | 2,150,000 | ||||||
cost of goods sold | ||||||||
Direct materials | ps | 250.000 | ||||||
Direct labour | 420.000 | |||||||
production supplies | 260.000 | |||||||
plant manager salary | 50,000 | 980,000 | ||||||
Gross profit | 1,170,000 | |||||||
selling expenses | ||||||||
Sales commissions | 70.000 | |||||||
packaging | 150.000 | |||||||
Advertising | 100,000 | 320.000 | ||||||
administrative expenses | ||||||||
administrative salaries | 100,000 | |||||||
Depreciation: office equipment. | 70.000 | |||||||
Safe | 40.000 | |||||||
Office rent | 50,000 | 260.000 | ||||||
operating income | ps | 590.000 | ||||||
Complete the flexible budgets for sales volumes of 8,000, 10,000, and 12,000 units.
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date: