Tempo Company's fixed budget (based on sales of 16,000 units) folllows.Fixed BudgetSales (16,000 units x $216 per unit)CostsDirect materialsDirect laborIndirect materialsSupervisor salarySales commissionsShippingAdministrative salariesDepreciation-Office equipmentInsuranceOffice rentIncome3,456,000368,000704,000432,000168,000112,000240,000218,000188,000158,000168,000700,0001. 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.Required 1Required 2 Required 3Compute total variable cost per unit.Total variable cost per unit< Required 1Required 2 >

BudgetThe report estimating the values for a future period from the past actual values is called a…

Tempo Company's fixed budget (based on sales of 16,000 units) folllows. Fixed Budget Sales (16,000 units x $216 per unit) Costs Direct materials Direct labor Indirect materials 3,456,000 368,000 704,000 432,000 Supervisor salary 168,000 Sales commissions 112,000 Shipping 240,000 Administrative salaries 218,000 Depreciation-office equipment 188,000 Insurance 158,000 Office rent 168,000 Income 700,000 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. Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit < Required 1 Required 2 >

Tempo Company's fixed budget (based on sales of 16,000 units) folllows. Fixed Budget Sales (16,000 units x $216 per unit) Costs Direct materials Direct labor Indirect materials 3,456,000 368,000 704,000 432,000 Supervisor salary 168,000 Sales commissions 112,000 Shipping 240,000 Administrative salaries 218,000 Depreciation-office equipment 188,000 Insurance 158,000 Office rent 168,000 Income 700,000 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. Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit < Required 1 Required 2 >

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 10,000 units) folllows. Fixed Budget Sales (10,000 units × $219 per unit) 2,190,000 Costs Direct materials 250,000 Direct labor 440,000 Indirect materials 260,000 Supervisor salary 50,000 Sales commissions 80,000 Shipping 150,000 Administrative salaries 100,000 Depreciation—Office equipment 70,000 Insurance 40,000 Office rent 50,000 Income 700,000 1. Compute total variable cost per unit.2. Compute total fixed costs.3. Prepare a flexible budget at activity levels of 8,000 units and 12,000 units.
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Mirabel Manufacturing Budgeted Income Statement For the Year Ending December 31 Sales Cost of goods sold: Gross Margin Selling & Administrative Net Operating Income Normal Annual Sales Volume Unit Selling Price Variable expense per unit Variable Fixed Commissions Fixed Marketing Expenses Fixed Administrative Model 101 16,000 $ 650 $250 (Note: Each of the following questions is independent of the others) 1. What is Mirabel's over-all break-even point in sales dollars? $ 13,300,000 $ 9,300,000 $ 4,410,000 $ 1,350,000 $ 6,000,000 $ 2,390,000 Model 201 19,000 $750 $ 200 $ 36,750,000 $ 14,150,000 Model 301 11,000 $ 1,100 $ 500
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empo Company's fixed budget (based on sales of 16,000 units) for the first quarter reveals the following. Fixed Budget Sales (16,000 units × $202 per unit) $ 3,232,000 Cost of goods sold Direct materials $ 400,000 Direct labor 704,000 Production supplies 416,000 Plant manager salary 200,000 1,720,000 Gross profit 1,512,000 Selling expenses Sales commissions 128,000 Packaging 240,000 Advertising 100,000 468,000 Administrative expenses Administrative salaries 250,000 Depreciation—office equip. 220,000 Insurance 190,000 Office rent 200,000 860,000 Income from operations $ 184,000 1.Compute the total variable cost per unit. 2. Compute the total fixed costs. 3.Compute the income from operations for sales volume of…
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The following information presents key figures pertaining to the operating budget of a company: Sales at 92 % of capacity $644,000 Fixed costs $215,000 Variable costs $373,520 $588, 520 Net income $55, 480 Compute the break-even point as a percent of capacity.
Tempo Company's fixed budget (based on sales of 10,000 units) folllows. Fixed Budget Sales (10,000 units x $209 per unit) Costs Direct materials Direct labor Indirect materials 2,090,000 240,000 430,000 280,000 Supervisor salary 40,000 Sales commissions 80,000 Shipping 150,000 Administrative salaries 90,000 Depreciation-office equipment 60,000 Insurance 30,000 Office rent 40,000 Income 650,000 ces 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 8,000 units and 12,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a flexible budget at activity levels of 8,000 units and 12,000 units. Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions Shipping TEMPO COMPANY Flexible Budget Variable Amount per Unit Total Fixed Cost $ $ 2,090,000.00 2,090,000.00 Flexible Budget for: Units Sales Unit Sales of of 8,000 12,000…
Sales (7,000 units x $400 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. $ 2,800,000 280,000 490,000 175,000 65,000 140,000 154,000 210,000 35,000 20,000 36,000 1,195,000 3. Prepare a flexible budget at activity levels of 6,000 units and 8,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a flexible budget at activity levels of 6,000 units and 8,000 units. Sales Variable costs Direct materials Direct labor Sales commissions Indirect materials Shipping Total variable costs Contribution margin Fixed costs Supervisor salary Administration salaries Depreciation-Office equipment Insurance Office rent Income TEMPO COMPANY Flexible Budget Variable Amount Total Fixed per Unit Cost S 400.00 Flexible Budget for.…
Tempo Company's fixed budget (based on sales of 16,000 units) folllows. Fixed Budget Sales (16,000 units * $218 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-office equipment Insurance office rent Income 3,488,000 400,000 704,000 448,000 200,000 112 000 240 000 250,000 220,000 190,000 200,000 524,000 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. Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit Required 1 Required 2 >