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Tempo Company's fixed budget (based on sales of 14,000 units) folllows. Fixed Budget Sales (14,000 units x $218 per unit) Costs Direct materials. Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries. Depreciation-office equipment Insurance office rent Income 3,052,000 322,000 602,000 378,000 122,000 112,000 224,000 172,000 142,000 112,000 122,000 744,000 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 $218 per unit) Costs Direct materials. Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries. Depreciation-office equipment Insurance office rent Income 3,052,000 322,000 602,000 378,000 122,000 112,000 224,000 172,000 142,000 112,000 122,000 744,000 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 $218 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-office equipment Insurance office rent Income 3,052,000 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. Required 1 Required 2 Required 3 Complete this question by entering your answers in the tabs below. Compute total variable cost per unit. Total variable cost per unit 322,000 602,000 378,000 122,000 112,000 224,000 172,000 142,000 112,000 122,000 744,000 < Required 1 Required 2 >
Transcribed Image Text:Tempo Company's fixed budget (based on sales of 14,000 units) folllows. Fixed Budget Sales (14,000 units x $218 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-office equipment Insurance office rent Income 3,052,000 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. Required 1 Required 2 Required 3 Complete this question by entering your answers in the tabs below. Compute total variable cost per unit. Total variable cost per unit 322,000 602,000 378,000 122,000 112,000 224,000 172,000 142,000 112,000 122,000 744,000 < Required 1 Required 2 >
Tempo Company's fixed budget (based on sales of 14,000 units) follows. Fixed Budget sales (14,000 units x $218 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 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. Complete this question by entering your answers in the tabs below. Compute total fixed costs. Total fixed costs Income Direct materials Direct labor Indirect materials Supervisor salary sales commissions shipping Administrative salaries Depreciation-office equipment Insurance office rent Tempo Company's fixed budget (based on sales of 14.000 units) follows. Fixed Budget Sales (14,000 units $218 per unit) costs Required 2 Sales Variable costs Direct materias Insurance Office rent Direct labor Indirect materials Sales commissions Shipping Total variable costs Contribution margin Fixed costs Required 3 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. Supervisor salary Administration salaries Depreciation Office equipment Complete this question by entering your answers in the tabs below. Totalfixed costs Income Required 1 Required 2 Required 3 Prepare a flexible budget at activity levels of 12,000 units and 16,000 units. TEMPO COMPANY < Required 1 3,052,000 322,000 602,000 378,000 122,000 117,000 3,052,000 224,000 172,000 142,000 112,000 122,000 144,000 $ < Required 2 322,000 602,000 378,000 122.000 Flexible Budget Variable Amount Total Fixed per Unit Cost 218.00 112,000 224,000 172,000 142,000 112,000 122,000 744,000 0.00 S 322,000.00 602.000.00 378.000.00 112.000.00 $ 224,000 Flexible Budget for: Units Sales Unit Sales of of 12,000 16,000 05 Required 3> Required 3 > 0 05 0
Transcribed Image Text:Tempo Company's fixed budget (based on sales of 14,000 units) follows. Fixed Budget sales (14,000 units x $218 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 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. Complete this question by entering your answers in the tabs below. Compute total fixed costs. Total fixed costs Income Direct materials Direct labor Indirect materials Supervisor salary sales commissions shipping Administrative salaries Depreciation-office equipment Insurance office rent Tempo Company's fixed budget (based on sales of 14.000 units) follows. Fixed Budget Sales (14,000 units $218 per unit) costs Required 2 Sales Variable costs Direct materias Insurance Office rent Direct labor Indirect materials Sales commissions Shipping Total variable costs Contribution margin Fixed costs Required 3 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. Supervisor salary Administration salaries Depreciation Office equipment Complete this question by entering your answers in the tabs below. Totalfixed costs Income Required 1 Required 2 Required 3 Prepare a flexible budget at activity levels of 12,000 units and 16,000 units. TEMPO COMPANY < Required 1 3,052,000 322,000 602,000 378,000 122,000 117,000 3,052,000 224,000 172,000 142,000 112,000 122,000 144,000 $ < Required 2 322,000 602,000 378,000 122.000 Flexible Budget Variable Amount Total Fixed per Unit Cost 218.00 112,000 224,000 172,000 142,000 112,000 122,000 744,000 0.00 S 322,000.00 602.000.00 378.000.00 112.000.00 $ 224,000 Flexible Budget for: Units Sales Unit Sales of of 12,000 16,000 05 Required 3> Required 3 > 0 05 0
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