Homework Answers
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TEMPO COMPANY |
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Flexible Budget |
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Flexible budget |
Flexible budget at |
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variable Amount per Unit |
Total Fixed cost |
8000 Units |
10000 Units |
12000 Units |
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Sales |
$ 205.00 |
$ 16,40,000.00 |
$ 20,50,000.00 |
$ 24,60,000.00 |
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Variable costs |
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Direct material |
$ 24.00 |
$ 1,92,000.00 |
$ 2,40,000.00 |
$ 2,88,000.00 |
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Direct Labor |
$ 42.00 |
$ 3,36,000.00 |
$ 4,20,000.00 |
$ 5,04,000.00 |
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Production Supplies |
$ 27.00 |
$ 2,16,000.00 |
$ 2,70,000.00 |
$ 3,24,000.00 |
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Sales commission |
$ 8.00 |
$ 64,000.00 |
$ 80,000.00 |
$ 96,000.00 |
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packaging |
$ 16.00 |
$ 1,28,000.00 |
$ 1,60,000.00 |
$ 1,92,000.00 |
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Total Variable costs |
$ 117.00 |
$ 9,36,000.00 |
$ 11,70,000.00 |
$ 14,04,000.00 |
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Contribution margin |
$ 88.00 |
$ 7,04,000.00 |
$ 8,80,000.00 |
$ 10,56,000.00 |
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Fixed Costs |
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Plant manager's salary |
$ 40,000.00 |
$ 40,000.00 |
$ 40,000.00 |
$ 40,000.00 |
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Advertising |
$ 1,00,000.00 |
$ 1,00,000.00 |
$ 1,00,000.00 |
$ 1,00,000.00 |
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Administrative salaries |
$ 90,000.00 |
$ 90,000.00 |
$ 90,000.00 |
$ 90,000.00 |
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Depreciation-Office equipment |
$ 60,000.00 |
$ 60,000.00 |
$ 60,000.00 |
$ 60,000.00 |
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Insurance |
$ 30,000.00 |
$ 30,000.00 |
$ 30,000.00 |
$ 30,000.00 |
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Office rent |
$ 40,000.00 |
$ 40,000.00 |
$ 40,000.00 |
$ 40,000.00 |
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Total Fixed Costs |
$ 3,60,000.00 |
$ 3,60,000.00 |
$ 3,60,000.00 |
$ 3,60,000.00 |
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Income From operations |
$ 3,44,000.00 |
$ 5,20,000.00 |
$ 6,96,000.00 |
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Add Answer to:
Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter of calendar...
Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter of calendar...
Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget $2,130,000 $240,000 430,000 270,000 40,000 980,000 1,150,000 Sales (10,000 units) 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 90,000 150,000 100,000 340,000 90,000 60,000 30,000 40,000 220,000 $ 590,000 Complete the...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (12,000 units) $2,472,000 Cost of goods sold Direct materials $288,000 Direct labor 516,000 Production supplies 312, eee Plant manager salary 88,000 1,204,000 Gross profit 1,268,000 Selling expenses Sales commissions 84,000 Packaging 192,000 Advertising 100,000 376,000 Administrative expenses Administrative salaries 138,000 Depreciation office equip. 108,000 Insurance 78,000 Office rent 88,000 Income from operations $ 482.ee cost per...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $2.628,000 $ 276,000 516,000 324,000 76,000 1,192,000 1,436,000 Sales (12,000 units) 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 108,000 180,000 100,000 388,000 126,000 96,000 66,000 76,000 364,000 684,000 $ Complete...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget Sales (12,000 units) $ 2,604,000 Cost of goods sold Direct materials $ 300,000 Direct labor 516,000 Production supplies 324,000 Plant manager salary 100,000 1,240,000 Gross profit 1,364,000 Selling expenses Sales commissions 108,000 Packaging 192,000 Advertising 100,000 400,000 Administrative expenses Administrative salaries 150,000 Depreciation—office equip. 120,000 Insurance 90,000 Office rent 100,000 460,000 Income from operations $ 504,000 Complete...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $2,532,000 $288,000 528,000 336,000 88,000 1,240,000 1,292,000 Sales (12,000 units) 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 84,000 168,000 100,000 352,000 138,000 108,000 78,000 88,000 412,000 $ 528,000 Complete the following...
Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar...
Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (14,000 units) Cost of goods sold $2,912,000 Direct materials Direct labor Production supplies Plant manager salary $322,000 602,000 392,000 122,000 1,438,000 Gross profit Selling expenses 1,474,000 Sales commissions Packaging Advertising 112,000 224,000 100.000 436,000 Administrative expenses Administrative salaries Depreciation-office equ Insurance Office rent 172,000 142,000 112,000 122,000 ip. 548,000 490,000 Income from operations Complete the following...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $2.550,000 $276,000 528,000 312,000 76,000 1. 192.000 1,388,000 Sales (12,000 units) 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 34.000 180,000 100,000 364,000 126,000 96.000 66.000 75.000 $ 50.000 Complete the...
Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar...
Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget $2,963,600 $336,609 692, 378,000 136,000 1,452,eee 1,516,00 Sales (14,000 units) 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 98,990 210,000 100,000 488, cee 186,000 156,000 126,000 136,000 684,699 504,000 $ Complete the...
Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar...
Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (14,000 units) Cost of goods sold $2,996,000 Direct materials $336,000 602,000 364,000 Direct labor Production supplies Plant manager salary Gross profit Selling expenses 1,438,000 136,000 1,558,000 98,000 196,000 Sales commissions Packaging Advertising Administrative expenses 394,000 100,000 Administrative salaries 186,000 156,000 Depreciation-office equip Insurance 126,000 136,000 Office rent 604,000 Income from operations 560,000 Complete the following flexible...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the f...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $2,472,000 Sales (12,000 units) 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 $3ее, еeе 516,000 324, еее 100, 00е 1,240,000 1,232,e00 108,e0e 180,e00 100,00е 388,000 150,eee 120,000 90, е0е Insurance Office rent 1e0,eee 460, еее $ 384,e0e Income...
Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget $2,130,000 $240,000 430,000 270,000 40,000 980,000 1,150,000 Sales (10,000 units) 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 90,000 150,000 100,000 340,000 90,000 60,000 30,000 40,000 220,000 $ 590,000 Complete the...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (12,000 units) $2,472,000 Cost of goods sold Direct materials $288,000 Direct labor 516,000 Production supplies 312, eee Plant manager salary 88,000 1,204,000 Gross profit 1,268,000 Selling expenses Sales commissions 84,000 Packaging 192,000 Advertising 100,000 376,000 Administrative expenses Administrative salaries 138,000 Depreciation office equip. 108,000 Insurance 78,000 Office rent 88,000 Income from operations $ 482.ee cost per...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $2.628,000 $ 276,000 516,000 324,000 76,000 1,192,000 1,436,000 Sales (12,000 units) 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 108,000 180,000 100,000 388,000 126,000 96,000 66,000 76,000 364,000 684,000 $ Complete...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $2,532,000 $288,000 528,000 336,000 88,000 1,240,000 1,292,000 Sales (12,000 units) 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 84,000 168,000 100,000 352,000 138,000 108,000 78,000 88,000 412,000 $ 528,000 Complete the following...
Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (14,000 units) Cost of goods sold $2,912,000 Direct materials Direct labor Production supplies Plant manager salary $322,000 602,000 392,000 122,000 1,438,000 Gross profit Selling expenses 1,474,000 Sales commissions Packaging Advertising 112,000 224,000 100.000 436,000 Administrative expenses Administrative salaries Depreciation-office equ Insurance Office rent 172,000 142,000 112,000 122,000 ip. 548,000 490,000 Income from operations Complete the following...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $2.550,000 $276,000 528,000 312,000 76,000 1. 192.000 1,388,000 Sales (12,000 units) 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 34.000 180,000 100,000 364,000 126,000 96.000 66.000 75.000 $ 50.000 Complete the...
Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget $2,963,600 $336,609 692, 378,000 136,000 1,452,eee 1,516,00 Sales (14,000 units) 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 98,990 210,000 100,000 488, cee 186,000 156,000 126,000 136,000 684,699 504,000 $ Complete the...
Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (14,000 units) Cost of goods sold $2,996,000 Direct materials $336,000 602,000 364,000 Direct labor Production supplies Plant manager salary Gross profit Selling expenses 1,438,000 136,000 1,558,000 98,000 196,000 Sales commissions Packaging Advertising Administrative expenses 394,000 100,000 Administrative salaries 186,000 156,000 Depreciation-office equip Insurance 126,000 136,000 Office rent 604,000 Income from operations 560,000 Complete the following flexible...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $2,472,000 Sales (12,000 units) 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 $3ее, еeе 516,000 324, еее 100, 00е 1,240,000 1,232,e00 108,e0e 180,e00 100,00е 388,000 150,eee 120,000 90, е0е Insurance Office rent 1e0,eee 460, еее $ 384,e0e Income...
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