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Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Fixed Budget Sales (12,000 units × $202 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-office equipment Insurance office rent Income 2,424,000 300,000 504,000 312,000 100,000 96,000 192,000. 150,000 120,000 90,000 100,000 460,000 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.

Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Fixed Budget Sales (12,000 units × $202 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-office equipment Insurance office rent Income 2,424,000 300,000 504,000 312,000 100,000 96,000 192,000. 150,000 120,000 90,000 100,000 460,000 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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Fixed Budget Sales (12,000 units × $202 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation office equipment Insurance office rent. Income 2,424,000 300,000 504,000 312,000 100,000 96,000 192,000. 150,000 120,000 90,000 100,000 460,000 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.
Transcribed Image Text:Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Fixed Budget Sales (12,000 units × $202 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation office equipment Insurance office rent. Income 2,424,000 300,000 504,000 312,000 100,000 96,000 192,000. 150,000 120,000 90,000 100,000 460,000 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.
Sales Variable costs Direct materials Direct labor Indirect materials Shipping Sales commissions Total variable costs Contribution margin Fixed costs Administration salaries Depreciation Office equipment Insurance Supervisor salary Office rent Total fixed costs Income TEMPO COMPANY Flexible Budget Variable Amount Total Fixed Cost per Unit + 0.00 $ Flexible Budget for: Units Sales Unit Sales of of 10,000 14,000 0 $ 0 0 $
Transcribed Image Text:Sales Variable costs Direct materials Direct labor Indirect materials Shipping Sales commissions Total variable costs Contribution margin Fixed costs Administration salaries Depreciation Office equipment Insurance Supervisor salary Office rent Total fixed costs Income TEMPO COMPANY Flexible Budget Variable Amount Total Fixed Cost per Unit + 0.00 $ Flexible Budget for: Units Sales Unit Sales of of 10,000 14,000 0 $ 0 0 $
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