Exercise 23-3 (Algo) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Fixed Budget Sales (12,000 units x $201 per unit) Costs Direct materials Direct labor Indirect materials 2,412,000 276,000 504,000 336,000 Supervisor salary Shipping 76,000 Sales commissions Administrative salaries Insurance 108,000 168,000 126,000 Depreciation-Office equipment 96,000 66,000 Office rent 76,000 Income 580,000 ces 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit < Required 1 Required 2 >

Exercise 23-3 (Algo) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Fixed Budget Sales (12,000 units x $201 per unit) Costs Direct materials Direct labor Indirect materials 2,412,000 276,000 504,000 336,000 Supervisor salary Shipping 76,000 Sales commissions Administrative salaries Insurance 108,000 168,000 126,000 Depreciation-Office equipment 96,000 66,000 Office rent 76,000 Income 580,000 ces 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit < Required 1 Required 2 >

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 7P: Preparing a performance report Use the flexible budget prepared in P7-6 for the 31,000-unit level...

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Preparing a performance report Use the flexible budget prepared in P7-6 for the 31,000-unit level and the actual operating results listed below for the 31,000-unit level. Required: 1. Prepare a performance report. 2. List the major reasons why the actual operating income at 31,000 units differs from the master budget operating income at 30,000 units in Figure 7-12. 3. Given the level at which the company operated, how was its cost control? Item Direct materials: Direct labor:
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Exercise 8-3 (Algo) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Fixed Budget Direct labor Sales (12,000 units x $218 per unit) Costs Direct materials Indirect materials 2,616,000 246,000 528,000 324,000 Supervisor salary 76,000 Sales commissions 96,000 Shipping 180,000 Administrative salaries 126,000 Depreciation-Office equipment 96,000 Insurance 66,000 Office rent 76,000 Income 772,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total fixed costs. Total fixed costs
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