Tempo Company's fixed budget (based on sales of 16,000 units) folllows. Fixed Budget Sales (16,000 units $287 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 14,000 units and 18,000 units. Complete this question by entering your answers in the tabs below. Compute total fixed costs. Total fixed costs Required 2 Required 1 Required 2 Variable costs 3,312,000 Required 3 Fixed costs Required 3 400,000 704,000 432,000 200,000 < Required 1 Complete this question by entering your answers in the tabs below. 112,000 256,000 250,000 220,000 190,000 200,000 348,000 Prepare a flexible budget at activity levels of 14,000 units and 18,000 units. Required 3 > TEMPO COMPANY Required 2 Flexible Budget Variable Amount Total Fixed per Unit Cost Flexible Budget for: Units Sales Unit Sales of of 14,000 18,000
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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![Tempo Company's fixed budget (based on sales of 16,000 units) folllows.
Fixed Budget
Sales (16,000 units $287 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
Compute total fixed costs.
1. Compute total variable cost per unit.
2. Compute total fixed costs.
3. Prepare a flexible budget at activity levels of 14,000 units and 18,000 units.
Total fixed costs
Complete this question by entering your answers in the tabs below.
Required 2
Required 1 Required 2
Variable costs
3,312,000
Required 3
Fixed costs
Required 3
400,000
704,000
432,000
200,000
< Required 1
Complete this question by entering your answers in the tabs below.
112,000
256,000
250,000
220,eee
190,000
200,000
348,000
Prepare a flexible budget at activity levels of 14,000 units and 18,000 units.
Required 3 >
TEMPO COMPANY
Required 2
Flexible Budget
Variable Amount Total Fixed
per Unit
Cost
Flexible Budget for:
Units Sales Unit Sales of
of 14,000 18,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F300d3302-c17e-4755-9b77-6c3cc5b3a680%2F70adcb85-f1f1-4466-940f-9cb24a4e023c%2Fe7tzu5s_processed.jpeg&w=3840&q=75)
![Tempo Company's fixed budget (based on sales of 16,000 units) folllows.
Fixed Budget
Sales (16,000 units $287 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 14,000 units and 18,000 units.
Required 2
Complete this question by entering your answers in the tabs below.
3,312,000
Required 3
Compute total variable cost per unit.
Total variable cost per unit
400,000
704,000
432,000
200,000
112,000
256,000
250,000
220,000
190,000
200,000
348,000
00011
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F300d3302-c17e-4755-9b77-6c3cc5b3a680%2F70adcb85-f1f1-4466-940f-9cb24a4e023c%2Fcszvpu_processed.jpeg&w=3840&q=75)
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