DF: ACCOUNTING PRINC 14E WPNGEC 1 SEM
14th Edition
ISBN: 9781119709947
Author: Weygandt
Publisher: WILEY
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calculate the companys net income ?
Chapter 21 Homework i
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Exercise 21-3 (Algo) Preparing flexible budgets LO P1
1.25
points
04:49:00
Tempo Company's fixed budget (based on sales of 12,000 units) folllows.
Fixed Budget
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Sales (12,000 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
1. Compute total variable cost per unit.
2. Compute total fixed costs.
2,592,000
288,000
528,000
336,000
88,000
84,000
192,000
138,000
108,000
78,000
88,000
664,000
3. Prepare a flexible budget at activity levels of 10,000 units and 14,000 units.
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Graw
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Prepare flexible budget at activity levels of 10,000 units and 14,000 units.
Sales
Variable costs
Direct materials
Direct labor
Indirect…
what is company net income ?
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