and sales volume of 15,000 units. $3,150,000 PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 Sales Cost of goods sold Direct materials Direct labor Machinery repairs (variable cost) Depreciation-Plant equipment (straight-line) Utilities (55e,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 $ 915, eee 24e, een 60,000 300,000 210, 21e, eee Sipped 1,935, eco 1.215, eee 75,000 105. 235.000 415, een 125.000 230,00 se, References Problem 08-1A Part 1&2 Required 182. Prepare flexible budgets for the company of sales volumes of 14.000 and 16.000 units and classify all items listed in the fored budget as variable or fixed PHOENIX COMPANY 303 !!! Next > h 8 P 8-iai Required information HOENIX COMPANY Badgets For Year Ended December 31, 2019 Flexible Budget Variable Amount Total Fixed per Unit Cost Flexible Budget for Units Sales Unit Sales of of 14.000 16.000 points Variable costs References 1 2 3e3 Next > Required information Variable costs Part 1 of 3 Shipped 000 10 Fixed costs 1 2 3 of 3 Next > thin NPS Problem 08-1A Part 3 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 un confident that this volume is within the relevant range of existing capacity. How much would operating in budgeted amount of $365,000 if this level is reached without Increasing capacity? PHOENIX COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (in units) 15.000 18.000 Contribution margin (per unit) Contribution margin Fixed costs Operating income