assistance would be greatly appreciated.

Required information /The following information applies to the questions displayed below.) 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, 2817 Sales Cost of goods sold $3, 300,0ee Direct materials Direct labor Machinery repairs (variable cost) Depreciation-Plant equipment (straight- line) Utilities ($45,800 is variable) Plant management salaries $938,000 248,8868 45,808 336,808 195,900 190,800 1,93,00 1,376,0ee Gross profit selling expenses Packaging Shipping sales salary (fixed annual amount)235,890 96,800 90,000 415,800 General and administrative expenses Advertising expense Salaries Entertainment expense 150,880 2 , ??? 85,880 465,8e 490,008 Income from operations