Tempo Company's fixed budget (based on sales of 14,000 units) folllows. Fixed Budget Sales (14,000 units x $201 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions. Shipping Administrative salaries Depreciation-Office equipment Insurance Office rent Income Required 1 2,814,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 12,000 units and 16,000 units. Required 2 350,000 588,000 364,000 150,000 Complete this question by entering your answers in the tabs below. Required 3 98,000 224,000 200,000 170,000 140,000 150,000 380,000 Prepare a flexible budget at activity levels of 12,000 units and 16,000 units. TEMPO COMPANY Flexible Budget Variable Amount Total Fixed per Unit Cost Flexible Budget for: Units Sales Unit Sales of of 12,000 16,000

Tempo Company's fixed budget (based on sales of 14,000 units) folllows. Fixed Budget Sales (14,000 units x $201 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions. Shipping Administrative salaries Depreciation-Office equipment Insurance Office rent Income Required 1 2,814,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 12,000 units and 16,000 units. Required 2 350,000 588,000 364,000 150,000 Complete this question by entering your answers in the tabs below. Required 3 98,000 224,000 200,000 170,000 140,000 150,000 380,000 Prepare a flexible budget at activity levels of 12,000 units and 16,000 units. TEMPO COMPANY Flexible Budget Variable Amount Total Fixed per Unit Cost Flexible Budget for: Units Sales Unit Sales of of 12,000 16,000

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 7P: Preparing a performance report Use the flexible budget prepared in P7-6 for the 31,000-unit level...

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