33,375,000 1 825,000 300,000 45,000 315.000 189, 090 215, 999 Fixed Budget Report For Year Ended December 31, 2019 Sales cost of goods sold Direct materials Direct labor Machinery repairs (variable cost) Depreciationplant equipment (straight-line) Utilities ($30, eee is variable) Plant management salaries Gross profit Selling expenses Packaging Shipping Sales salary (fixed annual amount) General and administrative expenses Advertising expense Salaries Entertainment expense Income from operations 1,889,900 1,495,989 60,909 99,999 269,999 418,990 130,999 251,999 119, 999 491, 890 $ 594,000 Phoenix Company's actual income statement for 2019 follows. $4.698,989 PHOENIX COMPANY Statement of Income from Operations For Year Ended December 31, 2019 Seles (18.888 units) Cost of goods sold Direct materials $1.995,000 Direct labor 368.992 Wachinery repairs (variable cost) 46,388 Depreciation=Piant equipment (straight-line) Utilities (fixed cost is $147,569) 182.589 Plant management salaries Gross profit Selling expenses Packaging 69, 252 Shipping Sales salary (annual) Geners and administrative expenses Advertising expense 251 De Entertainment expense 114.3 Income from operations 2. 141 589 1.956,52e 446 259 11 26.259 PHOENIX COMINY Flexibile Budget Perfomance Naron For Year Ended Demember 2009 Flexible Budget name Results variances Fav Unfay Variable costs 0 Fixed costs 0