Exercise 8-3 (Algo) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 10,000 units) folllows. Fixed Budget Sales (10,000 units x $202 per unit) Costs Direct materials Direct labor Indirect materials 2,020,000 250,000 430,000 270,000 Supervisor salary 50,000 Sales commissions 90,000 Shipping 150,000 Administrative salaries 100,000 Depreciation-Office equipment 70,000 Insurance 40,000 Office rent 50,000 Income 520,000 1. Compute total variable cost per unit. 2 Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 8,000 units and 12,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a flexible budget at activity levels of 8,000 units and 12,000 units. Variable costs Fixed costs TEMPO COMPANY Flexible Budget Variable Amount per Unit Total Fixed Cost Units Sales of 3,000 Flexible Budget for Unit Sales of 12,000 < Required 2 0.00 0 $ S 0 $ 0 Required

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Check my w QS 21-1 (Algo) Flexible budget performance report LO P1 Beech Company produced and sold 112,000 units in May. For the level of production in May, budgeted amounts were sales, $1,260,000; variable costs, $846,000; and fixed costs, $260,000. The following actual results are available for May. Actual Results Sales (112,000 units) Variable costs Fixed costs $ 1,237,000 814,500 260,000 Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Favorable/ Unfavorable $ 1,260,000 Sales Variable costs 846,000 Contribution margin 414,000 0 Fixed costs 260,000 260,000 Income 154,000 $ (260,000) Prev ere to search s $ Variances 1 of 10 ⠀⠀⠀ Unfavorable Favorable Favorable No variance Favorable Next >