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Firefox File Edit View History Bookmarks Tools Window Help 6, 73% C%), Sun 4:59 PM Atika Ishtiaq C E newconnect.mheducation.com. × C Chegg Study | Guided Solutions ?? https://newconnect.mheducation.com/flow/connect.html .. Search Ch 08 Ex 8-2 Saved Help Save & Exit Submit Check my work Exercise 8-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar year 2017 reveals the following. 15 points Fixed Budget $3,440, 000 Sales (16,000 units) Cost of gooda sold eBook Direct materials Direct labor Production supplies Plant manager salary $400, 000 688,000 416,000 200, 000 Hint 1,704, 000 1,736,000 Ask Gross profit Selling expenees Sales commiseions Packaging Advertising Print 112,000 256,000 100,000 468,000 Administrative expenses Administrative salaries Depreciation-office equip Insurance Office rent 250,000 220, 000 190,000 200,000 B60, 000 $ 40B,000 Income from operationa Complete the following flexible budgets for sales volumes of 14,000, 16,000, and 18,000 units. (Round cost per unit to 2 decimal places.) TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 Prev 1 of 1 Next Hill 988

Explanation / Answer

Flexible Bbudget VC per Unit Total FC 14000Units 16000Units 18000Units Sales 215 3,010,000 3,440,000 3,870,000 variable cost: Direct material 25 350,000 400,000 450,000 labour 43 602,000 688,000 774,000 production Ssupplies 26 364,000 416,000 468,000 Sales commission 7 98,000 112,000 126,000 packaging 16 224,000 256,000 288,000 Total Variable cost 117 1,638,000 1,872,000 2,106,000 Contribution margin 98 1,372,000 1,568,000 1,764,000 Fixed cost: Admin Salaries 250000 250000 250000 250000 Plant manager salary 200000 200000 200000 200000 Depreciation 220000 220000 220000 220000 Insurance 190000 190000 190000 190000 office rent 200000 200000 200000 200000 Advertising 100000 100000 100000 100000 Total Fixed cost 1160000 1160000 1160000 1160000 Net Operating income 212000 408000 604,000

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