| Tempo Company’s fixed budget for the first quarter of calendar year 2013 reveals the following. |
| Sales (14,000 units) | $ | 2,842,000 | ||||||
| Cost of goods sold | ||||||||
| Direct materials | $ | 328,160 | ||||||
| Direct labor | 590,520 | |||||||
| Production supplies | 391,160 | |||||||
| Plant manager salary | 128,160 | 1,438,000 | ||||||
| | | | | |||||
| Gross profit | 1,404,000 | |||||||
| Selling expenses | ||||||||
| Sales commissions | 100,100 | |||||||
| Packaging | 220,080 | |||||||
| Advertising | 100,000 | 420,180 | ||||||
| | | |||||||
| Administrative expenses | ||||||||
| Administrative salaries | 178,160 | |||||||
| Depreciation office equip. | 148,160 | |||||||
| Insurance | 118,160 | |||||||
| Office rent | 128,160 | 572,640 | ||||||
| | | | | |||||
| Income from operations | $ | 411,180 | ||||||
| | | |||||||
| | ||||||||
| Prepare flexible budgets that show variable costs per unit, fixed costs, and three different flexible budgets for sales volumes of 12,000, 14,000, and 16,000 units. (Round cost per unit to 2 decimal places.) Don't use plagiarized sources. Get Your Custom Essay on chapter 21 ex 21 2 496541 For $10/Page 0nly |
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