1/2) prepare the flexible budgets for the company at sales volumes of 14000 and 16000 units and classify all items listed in the fixed budget as a variable or fixed

3)complete the forecasted contribution margin income statement

Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2017 $3,000,000 Sales Cost of goods sold Direct materials Direct labor Machinery repairs (variable cost) Depreciation-Plant equipment (straight-line) Utilities ($45,000 is variable) Plant management salaries S975,000 225,000 60,000 300,000 195,000 200,0001955,000 1,045,000 Gross profit Selling expenses Packaging Shipping Sales salary (fixed annual anount) 75,000 105,000 250,000 430,000 General and adninistrative expenses Advertising expense Salaries 125, 000 241,000 90,000456,000 S 159,000 Income from operations Required: 1&2. Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixe budget as variable or fixed Fixed Budget Repont For Year Ended December 31, 2017 Flexible Budget Flexible Budget for Variable Amount Total Fixed Units Sales Unit Sales of Unit Variable costs 0.00 Fixed costs