Tempo Company's fixed budget (based on sales of 18,000 units) folllows.Fixed BudgetXSales (18,000 units × $216 per unit)CostsDirect materialsDirect laborIndirect materialsSupervisor salarySales commissionsShippingAdministrative salariesDepreciation Office equipmentInsuranceOffice rentIncome3,888,000432,000774,000486,000232,000Required 1126,000270,0001. Compute total variable cost per unit.2. Compute total fixed costs.3. Prepare a flexible budget at activity levels of 16,000 units and 20,000 units.Required 2 Required 3282,000252,000222,000232,000580,000Complete this question by entering your answers in the tabs below.

A flexible budget is a budget that adjusts or flexes based on changes in activity levels or other…

Tempo Company's fixed budget (based on sales of 18,000 units) folllows. Fixed Budget Sales (18,000 units x $216 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-Office equipment Insurance Office rent Income 3,888,000 432,000 774,000 486,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 16,000 units and 20,000 units. Required 1 232,000 126,000 270,000 282,000 252,000 222,000 232,000 580,000 Complete this question by entering your answers in the tabs below. Required 2 Required 3

Tempo Company's fixed budget (based on sales of 18,000 units) folllows. Fixed Budget Sales (18,000 units x $216 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-Office equipment Insurance Office rent Income 3,888,000 432,000 774,000 486,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 16,000 units and 20,000 units. Required 1 232,000 126,000 270,000 282,000 252,000 222,000 232,000 580,000 Complete this question by entering your answers in the tabs below. Required 2 Required 3

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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! Required information [The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $617,700; variable costs of $63,900; and fixed costs of $143,000. If the company actually produces and sells 26,800 units, calculate the flexible budget income Sales Variable costs Contribution margin Fixed costs Income ------Flexible Budget------ Variable Amount per Unit $ 0 ▶▶▶ Total Fixed Cost 21,300 units $ ------Flexible Budget at $ 0 0 26,800 units $ $ 0 0
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F Based on predicted production of 25,000 units, a company budgets $280,000 of fixed costs and $275,000 of variable costs. If the company actually produces 19,800 units, what are the flexible budget amounts of fixed and variable costs? -----Flexible Budget------ Variable Amount per Unit Total Fixed Cost 19,800 units $ 275,000 Variable cost Fixed costs 280,000 2 W S # 3 E D $ 4 $ D R F 4 U 8 J 9 K
A company's flexible budget for 12,000 units of production showed sales, $46,800; variable costs, $14,40O; and fixed costs, $28 000. The fixed produces and sells 28,00 0 units is: Multiple Choice $33,600. $28,000. $46,800. $74,800. $14,400.