Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Fixed Budget $216 per unit) Sales (12,000 unite Costs Direct materials Direct labor Indirect materiale Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-ottice equipment Insurance office rent Income 2,592,000 280,000 520,000 336,000 80,000 96,000 168,000 Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit 138,000 100,000 70,000 88,000 676,000 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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Tempo Company's fixed budget (based on sales of 12,000 units) folllows.
Fixed Budget
Sales (12,000 units $216 per unit)
Costs
Direct materials
Direct labor
Indirect materials
Supervisor salary.
Sales commissions
Shipping
Administrative salaries
Depreciation office equipment
Insurance
office rent
Income
Required 2 Required 3
Compute total variable cost per unit.
Total variable cost per unit
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 1
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute total fixed costs.
Total fixed costs
Required 1 Required 2
2,592,000
280,000
520,000
340,000
336,000
Variable costs
Required 3
Fixed costs
80,000
96,000
160,000
138,000
108,000
70,000
BB,000
676,000
Required 3
Prepare a flexible budget at activity levels of 10,000 units and 14,000 units.
TEMPO COMPANY
Flexible Budget
Variable Amount Total Fixed
per Unit
Cost
Required 2
Flexible Budget for:
Units Sales Unit Sales of
of 10,000
14,000
Transcribed Image Text:Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Fixed Budget Sales (12,000 units $216 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary. Sales commissions Shipping Administrative salaries Depreciation office equipment Insurance office rent Income Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit 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 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute total fixed costs. Total fixed costs Required 1 Required 2 2,592,000 280,000 520,000 340,000 336,000 Variable costs Required 3 Fixed costs 80,000 96,000 160,000 138,000 108,000 70,000 BB,000 676,000 Required 3 Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. TEMPO COMPANY Flexible Budget Variable Amount Total Fixed per Unit Cost Required 2 Flexible Budget for: Units Sales Unit Sales of of 10,000 14,000
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