Tryon Company€™s fixed budget for the first quarter of calendar year 2009 reveals the following. Prepare flexible budgets following the format of Exhibit 8.3 that show variable costs per unit, fixed costs, and three different flexible budgets for sales volumes of 14,500, 15,000, and 15,500units.

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Sales (15,000 units) Cost of goods sold $3,030,000 Direct materials.. Direct labor.... 705,000 Production supplies Plant manager salary $345.000 405,000 90,000 1545,000 1,485,000 Gross profit. Selling expenses Advertising 100,000 0.000 Administrative expenses Ive salarles 110.000 Depreciation-office equip. ..60,000 48,000 54,000 Insurance Office rent 272,000 Income from operations. 723.000