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Tempo Companys fixed budget (based on sales of 18,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (18,000 units) Cost of goods sold $3,888,000 Direct materials Direct labor Production supplies Plant manager salary $432,000 774,000 486,000 232,000 1,924,000 Gross profit Selling expenses 1,964,000 Sales commissions Packaging Advertising 162,000 252,000 100.000 514,000 Administrative expenses Administrative salaries epreciation-office equip. Insurance Office rent 282,000 252,000 222,000 232,000 988,000 462,000 Income from operations Complete the following flexible budgets for sales volumes of 16,000, 18,000, and 20,000 units. (Round cost per unit to 2 decimal places.)TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 Flexible Budget -Flexible Budget at.... Variable Amount per Unit Total Fixed 16,000 units 18,000 units 20,000 units Cost Variable costs: Fixed costs:

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Flexible Budget Variable Total Flexible Budget Per unit cost 16,000 units 18000 units |20000 Units 4320000 Sales Varaible costs Direct Material Direct labour 216 AGi 24.00 43.00 Azi 774000 480000 688000 432000 144000162000 Production Supplies 540000 Sales Commission Packing Total Variable Costs Contribution Margin Fixed Cost Plant manager salai Adverisement administrative salaries Depreciation Insurance Office rent 180000 14.00 252000 1872000 2106000 117.00 99.00 2340000 1980000 2:820TT 100000 282000282000 252000 232000 232000 232000 2i2T 252000 252000 252000 232000 232000 232000 232000 Total Fixed cost Income From Operations 1320000 132000013200001320000 660000 264000 462000

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