3 Part 1 of 3 You skipped this question in the previous attempt Check my work [The following information applies to the questions displayed below] 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. PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 6 points Skipped Sales Cost of goods sold $3,000,000 Direct materials 5945,000 Direct labor 225,000 Machinery repairs (variable cost) Depreciation-Plant equipment (straight-line) 60,000 330,000 Utilities ($30,000 in variable) eBook Plant management salaries Cross profit Selling expenses Packaging Shipping 195,000 180,000 1,935,000 1,065,000 Print References Sales salary (fixed annual amount) General and administrative expenses Advertising expense Salaries Entertainment expense Income from operations. 75,000 90,000 235,000 400,000 100,000 241,000 75,000 416,000 $ 249,000 4 Check my work Part 2 of 3 6 points 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. The company president is confident that this volume is within the relevant range of existing capacity. How much would operating income increase over the budgeted amount of $249,000 if this level is reached without increasing capacity? Skipped Sales (in units) Contribution margin (per unit) Contribution margin PHOENIX COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2019 15,000 18,000 eBook Fixed costs Print Operating income References Next > 5 Check my work Part 3 of 3 points 4. An unfavorable change in business is remotely possible; in this case, production and sales volume for the year could fall to 12,000 units. How much income (or loss) from operations would occur if sales volume falls to this level? (Enter any loss with minus sign) PHOENIX COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2019 Saipped Sales (in units) Contribution margin (per unit) ellook Contribution margin Fixed costs Print References Operating income (loss) 15,000 12,000 Pray 5 of 5 Next >