1) One question with three mini-tasks:

A) Prepare flexible budgets at sales volumes of 14,000

B) Prepare flexible budgets at sales volumes of 16,000 units.

C) The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement if 18,000 units are sold.

1 Required information [The following information applies to the questions displayed below.] 10 points Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,000 units. Skipped eBook Print $ 3,000,000 References PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Dire materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income 975,000 225,000 60,000 300,000 200,000 225,000 250,000 411,000 195,000 $ 159,000