Check m Utilities ($3e, eee is variable) Plant management salaries Gross profit Selling expenses Packaging Shipping Sales salary (fixed annual amount) General and administrative expenses Advertising expense Salaries 195,000 210,000 1,950,e00 1,2e0,000 75,000, 90,000 235,e00 460, ee0 100,000 230,000 8e,000 Entertainment expense 410,000 Income from operations $ 390,000 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 Sales (in units) 15,000 12,000 Contribution margin (per unit) Contribution margin Fixed costs Operating income (loss) gnment Saved Help [The following information applies to the questions displayed belovw 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 Sales Cost of goods sold Direct materials $3,150,e00 $960,000 210,000 60,000 315,000 195,000 21e,e00 Direct labor Machinery repairs (variable cost) Depreciation-Plant equipeent (straight-line) utilities ($0, o00 is variable) Plant managenent salaries Gross profit Selling expenses Packaging Shipping Sales salary (fixed annual anount) General and adeinistrative expenses Advertising expense Salaries Entertainment expense Tncome from operations 1,950,000 1,200,000 75,000 90,e00 235,000 480,000 100,000 230,000 80,000 410,000 S390,000 of 5