Question

In: Accounting

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
Sales (10,000 units) $ 2,190,000
Cost of goods sold
Direct materials $ 240,000
Direct labor 430,000
Production supplies 270,000
Plant manager salary 40,000 980,000
Gross profit 1,210,000
Selling expenses
Sales commissions 90,000
Packaging 140,000
Advertising 100,000 330,000
Administrative expenses
Administrative salaries 90,000
Depreciation—office equip. 60,000
Insurance 30,000
Office rent 40,000 220,000
Income from operations $ 660,000


Complete the following flexible budgets for sales volumes of 8,000, 10,000, and 12,000 units. (Round cost per unit to 2 decimal places.)

Solutions

Expert Solution

If you have any query ask in comment section. If you like the answer plz rate. Thanks

ekkarill92 answered 3 years ago
Next > < Previous

Related Solutions

Tempo Company's fixed budget (based on sales of 18,000 units) for the first quarter of calendar...
Tempo Company's 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) $ 3,816,000 Cost of goods sold Direct materials $ 432,000 Direct labor 792,000 Production supplies 468,000 Plant manager salary 232,000 1,924,000 Gross profit 1,892,000 Selling expenses Sales commissions 144,000 Packaging 288,000 Advertising 100,000 532,000 Administrative expenses Administrative salaries 282,000 Depreciation—office equip. 252,000 Insurance 222,000 Office rent 232,000 988,000 Income from operations $ 372,000 Complete...
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) $ 2,940,000 Cost of goods sold Direct materials $ 336,000 Direct labor 588,000 Production supplies 378,000 Plant manager salary 136,000 1,438,000 Gross profit 1,502,000 Selling expenses Sales commissions 112,000 Packaging 196,000 Advertising 100,000 408,000 Administrative expenses Administrative salaries 186,000 Depreciation—office equip. 156,000 Insurance 126,000 Office rent 136,000 604,000 Income from operations $ 490,000 Complete...
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) $ 2,954,000 Cost of goods sold Direct materials $ 350,000 Direct labor 588,000 Production supplies 378,000 Plant manager salary 150,000 1,466,000 Gross profit 1,488,000 Selling expenses Sales commissions 112,000 Packaging 224,000 Advertising 100,000 436,000 Administrative expenses Administrative salaries 200,000 Depreciation—office equip. 170,000 Insurance 140,000 Office rent 150,000 660,000 Income from operations $ 392,00 Complete...
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) $ 3,066,000 Cost of goods sold Direct materials $ 336,000 Direct labor 602,000 Production supplies 364,000 Plant manager salary 136,000 1,438,000 Gross profit 1,628,000 Selling expenses Sales commissions 126,000 Packaging 210,000 Advertising 100,000 436,000 Administrative expenses Administrative salaries 186,000 Depreciation—office equip. 156,000 Insurance 126,000 Office rent 136,000 604,000 Income from operations $ 588,000 Complete...
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) $ 2,940,000 Cost of goods sold Direct materials $ 336,000 Direct labor 602,000 Production supplies 378,000 Plant manager salary 136,000 1,452,000 Gross profit 1,488,000 Selling expenses Sales commissions 98,000 Packaging 210,000 Advertising 100,000 408,000 Administrative expenses Administrative salaries 186,000 Depreciation—office equip. 156,000 Insurance 126,000 Office rent 136,000 604,000 Income from operations $ 476,000 Complete...
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. Sales (14,000 units) $ 2,828,000 Cost of goods sold Direct materials $ 350,000 Direct labor 602,000 Production supplies 378,000 Plant manager salary 150,000 1,480,000 Gross profit 1,348,000 Selling expenses Sales commissions 112,000 Packaging 224,000 Advertising 100,000 436,000 Administrative expenses Administrative salaries 200,000 Depreciation—office equip. 170,000 Insurance 140,000 Office rent 150,000 660,000 Income from operations $ 252,000 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) $ 3,066,000 Cost of goods sold Direct materials $ 350,000 Direct labor 616,000 Production supplies 392,000 Plant manager salary 150,000 1,508,000 Gross profit 1,558,000 Selling expenses Sales commissions 112,000 Packaging 224,000 Advertising 100,000 436,000 Administrative expenses Administrative salaries 200,000 Depreciation—office equip. 170,000 Insurance 140,000 Office rent 150,000 660,000 Income from operations $ 462,000 TEMPO...
Tempo Company's fixed budget (based on sales of 18,000 units) for the first quarter of calendar...
Tempo Company's 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) $ 3,780,000 Cost of goods sold Direct materials $ 432,000 Direct labor 774,000 Production supplies 504,000 Plant manager salary 232,000 1,942,000 Gross profit 1,838,000 Selling expenses Sales commissions 126,000 Packaging 288,000 Advertising 100,000 514,000 Administrative expenses Administrative salaries 282,000 Depreciation—office equip. 252,000 Insurance 222,000 Office rent 232,000 988,000 Income from operations $ 336,000 Complete...
Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar...
Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget Sales (16,000 units) $ 3,408,000 Cost of goods sold Direct materials $ 384,000 Direct labor 688,000 Production supplies 432,000 Plant manager salary 184,000 1,688,000 Gross profit 1,720,000 Selling expenses Sales commissions 128,000 Packaging 240,000 Advertising 100,000 468,000 Administrative expenses Administrative salaries 234,000 Depreciation—office equip. 204,000 Insurance 174,000 Office rent 184,000 796,000 Income from operations $ 456,000 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) $ 2,436,000 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 1,220,000 Selling expenses Sales commissions 96,000 Packaging 192,000 Advertising 100,000 388,000 Administrative expenses Administrative salaries 138,000 Depreciation—office equip. 108,000 Insurance 78,000 Office rent 88,000 412,000 Income from operations $ 420,000 Complete...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT