Please work the attached problem. The problem has a 4
part answer.
Please work the attached problem. The problem has a 4 part answer. Exercise 08-3 Preparing flexible...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter reveals the following. Fixed Budget $ 2,616,000 $ 288,000 516,000 312,000 88,000 1,204,000 1,412,000 Sales (12,000 units X $218 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 96,000 168,000 100,000 364,000 138,000 108,000 78,000 88,000 412,000 $ 636,000 (1)...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter reveals the following Fixed Budget Sales 12,000 units x $212 per unit) Cost of goods sold Direct materials $2,544,000 $288,000 Direct labor 516,000 Production aupplios Plant manager salary Gross profit Selling expenses 324,000 88,000 1,216,000 1,328,000 Sales conmissions 96,000 192,000 Packaging Advertiaing 388,000 100,000 Adminiatrative expenses Administrative salaries 138,000 108,000 78,000 Depreciation office equip Insurance office rent 412,000 88,000 Income from operations 528,000 (1) Compute the...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter reveals the following. Fixed Budget Sales (12,eee units * $214 per unit) $2,568,000 Cost of goods sold Direct materials $288,000 Direct labor 516,000 Production supplies 324,000 Plant manager salary 88,000 1, 216,000 Gross profit 1,352,000 Selling expenses Sales commissions 96,000 Packaging 192,000 Advertising 100,00 388,000 Administrative expenses Administrative salaries 138,000 Depreciation office equip. 108.000 Insurance 78,000 Office rent 88,000 412,000 Income from operations $ 552,000 (1)...
HOW DO I CALCULATE?
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter reveals the following. Fixed Budget $ 2,472,000 $288,000 504,000 324,000 88,000 1,204,000 1,268,000 Sales (12,000 units x $206 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 84,000 180,000 100,000 364,000 138,000 108,000 78,000 88,000 412,000...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter reveals the following. Fixed Budget Sales (12,000 units × $211 per unit) $ 2,532,000 Cost of goods sold Direct materials $ 288,000 Direct labor 516,000 Production supplies 312,000 Plant manager salary 88,000 1,204,000 Gross profit 1,328,000 Selling expenses Sales commissions 96,000 Packaging 180,000 Advertising 100,000 376,000 Administrative expenses Administrative salaries 138,000 Depreciation—office equip. 108,000 Insurance 78,000 Office rent 88,000 412,000 Income from operations $ 540,000 (1)...
Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter reveals the following. Fixed Budget $ 2,448,000 $276,000 516,000 324,000 76,000 1,192,000 1,256,000 Sales (12,000 units X $204 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 84,000 180,000 100,000 364,000 126,000 96,000...
Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter reveals the following. Fixed Budget $2,926,000 $350,000 602,000 378,000 150,000 1,480,000 1,446,000 Sales (14,000 units X $209 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 126,000 210,000 100,000 436,000 200,000 170,000 140,000...
Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter reveals the following. Fixed Budget $3,392,000 $384,000 672,000 432,000 184,000 1,672,000 1,720,000 Sales (16,000 units x $212 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 144,000 240,000 100,000 484,000 234,000 204,000 174,000...
Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter reveals the following. Fixed Budget $3,392,000 $384,000 672,000 432,000 184,000 1,672,000 1,720,000 Sales (16,000 units x $212 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 144,000 240,000 100,000 484,000 234,000 204,000 174,000...
Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter reveals the following Fixed Budget Sales (16,000 units x $204 per unit) Cost of goods sold Direct materials $3,264,000 $384,000 704,000 448,000 184,000 Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. 1,720,000 1,544,000 128,000 256,000 100,000 484,000 234,000 204,000 174,000 184,000 Insurance Office rent 796,000 $...