1 Phoenix Company's 2019 master budget Included the following fixed budget report it is based on an expected production and sales volume of 15,000 units. Part 1 of 3 $3,150,000 125 Doint PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 Sales Cost of goods sola Direct materials Direct labor Machinery repairs (variable cost) Depreciation Plant equipment (straight-line) Utilities ($30,000 fs variable) Plant management salaries Gross profit Selling expenses Packaging Shippine Sales salary (fixed annual acount) General administrative expenses Advertising expense Salaries Entertainment expense Income from operations $ 960,000 225,000 60,000 315.000 100,000 220.000 Skoped 1960,000 1,190,000 ellook 90.000 105,00 235,000 430,000 References 125,000 210,000 10,000 415.000 Problem 23-1A Part 1&2 Required: 182. Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed Part 1 of 3 PHOENIX COMPANY Flexible Budgets For Year Ended December 31, 2019 Flexible Budget Variable Amount Total Fixed per Unit Cost 25 oints Flexible Budget for: Units Sales Unit Sales of of 14,000 16,000 Sales Skpoed eBook Print Vanable costs Direct materials Direct labor Machinery repairs Utilities Packaging Shipping References 000 0 0 Total variable costs Contribution margin Fixed costs Depreciation Plant equipment (straight line) Ublibos Plant management salaries Sales salary Advertising expense Mc Required information Part 1 of 3 Utilities Packaging Shipping 12.5 points 0.00 0 0 Skloped eBook Total variable costs Contribution margin Fixed costs Depreciation-Plant equipment (straight line) Utilities Plant management salaries Sales salary Advertising expense Salarios Entertainment expense Print References $ Totalfixed costs income from operations 0 $ 0 $ 0