Exercise 23-3 (Algo) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Sales (12,000 units Costs Insurance office rent Fixed Budget Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-office equipment Income $219 per unit) Required 1 Required 2 Compute total fixed costs. Total fixed costs 2,628,000 288,000 528,000 312,000 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. Required 3 88,000 96,000 180,000 138,000 Complete this question by entering your answers in the tabs below. 108,000 78.000 88,000 724.000 < Required 1 Required 3 >

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 $219 per unit)
Costs
Direct materials
Direct labor
Indirect materials
ANANU
Supervisor salary
100
Sales commissions
CHIAR
Shipping
Administrative salaries
Depreciation-office equipment
Insurance
Office rent
Income
Required 1 Required 2 Required 3
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.
Compute total fixed costs.
Complete this question by entering your answers in the tabs below.
Total fixed costs
Required 1 Required 2
Variable costs
2,628,000
Required 3
Fixed costs
288,000
528,000
312,000
88,000
96,000
180,000
138,000
108.000
78,000
88,000
724,000
Prepare a flexible budget at activity levels of 10,000 units and 14,000 units.
TEMPO COMPANY
< Required 1
< Required 2
Required 3 >
Flexible Budget
ible Budget for:
Variable Amount Total Fixed Units Sales Unit Sales of
per Unit
Cost
of 10,000 14,000
Transcribed Image Text: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 $219 per unit) Costs Direct materials Direct labor Indirect materials ANANU Supervisor salary 100 Sales commissions CHIAR Shipping Administrative salaries Depreciation-office equipment Insurance Office rent Income Required 1 Required 2 Required 3 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. Compute total fixed costs. Complete this question by entering your answers in the tabs below. Total fixed costs Required 1 Required 2 Variable costs 2,628,000 Required 3 Fixed costs 288,000 528,000 312,000 88,000 96,000 180,000 138,000 108.000 78,000 88,000 724,000 Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. TEMPO COMPANY < Required 1 < Required 2 Required 3 > Flexible Budget ible Budget for: Variable Amount Total Fixed Units Sales Unit Sales of per Unit Cost of 10,000 14,000
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 $219 per unit)
Costs
Direct materials
Direct labor
Indirect materials
Supervisor salary
Sales commissions
Shipping
Administrative salaries
Depreciation-office equipment
Insurance
office rent
Income
Required 1
2,628,000
288,000
528,000
312,000
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.
Required 2 Required 3
88,000
96,000
180,000
138,000
Complete this question by entering your answers in the tabs below.
Compute total variable cost per unit.
Total variable cost per unit
108,000
78,000
88,000
724,000
Required 2 >
Transcribed Image Text: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 $219 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-office equipment Insurance office rent Income Required 1 2,628,000 288,000 528,000 312,000 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. Required 2 Required 3 88,000 96,000 180,000 138,000 Complete this question by entering your answers in the tabs below. Compute total variable cost per unit. Total variable cost per unit 108,000 78,000 88,000 724,000 Required 2 >
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