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Tempo Company's fixed budget (based on sales of 14,000 units) folllows. Fixed Budget Sales (14,000 units x $211 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-office equipment Insurance office rent Income 2,954,000 350,000 602,000 378,000 150,000 112,000 210,000 200,000 170,000 140,000 150,000 492,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 12,000 units and 16,000 units.

Tempo Company's fixed budget (based on sales of 14,000 units) folllows. Fixed Budget Sales (14,000 units x $211 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-office equipment Insurance office rent Income 2,954,000 350,000 602,000 378,000 150,000 112,000 210,000 200,000 170,000 140,000 150,000 492,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 12,000 units and 16,000 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 14,000 units) folllows. Fixed Budget Sales (14,000 units x $211 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary. Sales commissions Shipping Administrative salaries Depreciation-office equipment Insurance office rent Income 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 12,000 units and 16,000 units. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Compute total variable cost per unit. Total variable cost per unit Direct materials Direct labor Indirect materials Supervisor salary Tempo Company's fixed budget (based on sales of 14,000 units) folllows. Fixed Budget Sales (14,000 units x $211 per unit) Costs Sales commissions Shipping Administrative salaries Depreciation-office equipment Insurance office rent Income Required 31 2,954,000 350,000 602,000 378,000 150,000 Required 1 112,000 210,000 200,000 170,000 140,000 150,000 492,000 Required 2 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 12,000 units and 16,000 units. Compute total fixed costs. Total fixed costs Complete this question by entering your answers in the tabs below. Required 3 2,954,000 350,000 602,000 378,000 150,000 112,000 210,000 200,000 170,000 140,000 150,000 492,000
Transcribed Image Text:Tempo Company's fixed budget (based on sales of 14,000 units) folllows. Fixed Budget Sales (14,000 units x $211 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary. Sales commissions Shipping Administrative salaries Depreciation-office equipment Insurance office rent Income 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 12,000 units and 16,000 units. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Compute total variable cost per unit. Total variable cost per unit Direct materials Direct labor Indirect materials Supervisor salary Tempo Company's fixed budget (based on sales of 14,000 units) folllows. Fixed Budget Sales (14,000 units x $211 per unit) Costs Sales commissions Shipping Administrative salaries Depreciation-office equipment Insurance office rent Income Required 31 2,954,000 350,000 602,000 378,000 150,000 Required 1 112,000 210,000 200,000 170,000 140,000 150,000 492,000 Required 2 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 12,000 units and 16,000 units. Compute total fixed costs. Total fixed costs Complete this question by entering your answers in the tabs below. Required 3 2,954,000 350,000 602,000 378,000 150,000 112,000 210,000 200,000 170,000 140,000 150,000 492,000
Variable costs Fixed costs TEMPO COMPANY Flexible Budget Variable Amount Total Fixed per Unit Cost Flexible Budget for: Units Sales of 12,000 Unit Sales of 16,000
Transcribed Image Text:Variable costs Fixed costs TEMPO COMPANY Flexible Budget Variable Amount Total Fixed per Unit Cost Flexible Budget for: Units Sales of 12,000 Unit Sales of 16,000
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