All of those depend on other factors such as memory and if you are using dedicated graphics. The FM1 (Llano) socket is old now and you will be better off with a Trinity (FM2) processor. Anyway, if it is your only option and you are using the integrated graphics of the processor, make sure you get fast memory (at least DDR3-1600) because slow memory will bottleneck the graphics and give you disappointing performance. I would strongly recommend getting discrete graphics like the 7750 or 7770 or getting a newer A8-5600K and a 6670 Crossfire. Also get a good cooler because that processor is overclockable. The Cooler master Hyper 212 is a popular budget cooler.
PSU
If you are not using discrete graphics and are not overclocking a 350W PSU like the Corsair VS350 will be fine. a 500-600W PSU is essential if you are using a graphics card and make sure it is from reliable brands such as Corsair, Seasonic...
Overall, this combination is old but you can overclock it and I would suggest fast memory and a GPU like 7750 or 7770 for budget, GTX 660Ti or 7870 LE if you want to spend a bit more. Or you can buy a newer FM2 processor like the 5600K and buy a motherboard to go with it and a 6670 so you can use AMD Dual Graphics (APU+GPU; similar to Crossfire) and get more performance.
And yes it will be compatible as long as the socket is FM1 and you have checked the CPU support list for the processor. Theoretically it should work...