Home / Questions / Tempo Company's fixed budget for the first quarter of calendar year 2013 reveals the following
Tempo Company's fixed budget for the first quarter of calendar year 2013 reveals the following.
| Sales (14,000 units) | $ | 2,996,000 | ||||||
| Cost of goods sold | ||||||||
| Direct materials | $ | 338,940 | ||||||
| Direct labor | 608,440 | |||||||
| Production supplies | 372,540 | |||||||
| Plant manager salary | 138,940 | 1,458,860 | ||||||
| Gross profit | 1,537,140 | |||||||
| Selling expenses | ||||||||
| Sales commissions | 101,500 | |||||||
| Packaging | 216,300 | |||||||
| Advertising | 100,000 | 417,800 | ||||||
| Administrative expenses | ||||||||
| Administrative salaries | 188,940 | |||||||
| DepreciationAc€??office equip. | 158,940 | |||||||
| Insurance | 128,940 | |||||||
| Office rent | 138,940 | 615,760 | ||||||
| Income from operations | $ | 503,580 | ||||||
Prepare flexible budgets that show variable costs per unit, fixed costs, and three different flexible budgets for sales volumes of 12,000, 14,000, and 16,000 units. (Round cost per unit to 2 decimal places.)
| TEMPO COMPANY | |||||
| Flexible Budgets | |||||
| For Quarter Ended March 31, 2013 | |||||
| ------Flexible Budget------ | ------Flexible Budget at ------ | ||||
| Variable Amount per Unit | Total Fixed Cost | 12000 units | 14000 units | 16000 units | |
| Variable costs: | |||||
| Fixed costs: | |||||
Jun 19 2020 View more View Less
Suppose that US $1 equals ?0.7778 in New York and US $1 equals ?0.7775 in Paris. Explain how foreign exchange traders in New York and Paris can profit from these exchange rates.
May 28 2018Q1. The assumption of all industries and factor markets being competitive implies that:a. The economy produces maximum outputb. The economy produces maximum output with g...
Apr 29 2020Prove that the resultant unbalanced force is minimum when half of the reciprocating masses are balanced by rotating masses.
May 13 2020A random sample of 121 motorcycles on highway 111 showed an average speed of 65 mph. It is known that the standard deviation of all motorcycle speeds is 22 mph. If the co...
Apr 03 2020Engineering Design Drawing and Sketching – By Rajesh Makroo >
Jun 22 2020Using the data in Problem S11.10, assume that both Donna, Inc. and Kay Corp. are able to move all their “poor” ratings to “fair.” How would you then rank the two firms?Pr...
Jun 15 2020Discuss what are the barriers to communication in an organization? How do they affect organizational efficiency? >
May 20 2020One of the primary weaknesses of many financial planning models is that they
Sep 02 2020How did the relationship between the police and the community impact the types of community policing strategies that were implemented in the community to address violence...
Mar 13 2020Ammonia gas is being absorbed by water in a wetted-wall column. At one level of the column, the following data applies: gas-phase mass transfer coefficient 5.22 × 10–9 km...
Jun 10 2020