Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $$80$ per unit and variable costs of $$36$ per unit. $($Indicate the effect of each variance by selecting favorable,$[$The following information applies to the questions displayed below.$]$

Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of $15,200$ units.

$\backslash$table$[[\backslash$table$[[$PHOENIX COMPANY$],[$Fixed Budget$],[$For Year Ended December $31]]],[$Sales$,$$$3,040,000],[$Costs$,972,800],[$Direct materials,$243,200],[$Direct labor,$76,000],[$Sales staff commissions,$300,000],[$Depreciation$-$Machinery,$199,000],[$Supervisory salaries,$212,800],[$Shipping$,249,000],[$Sales staff salaries $($fixed annual amount$),439,200],[$Administrative salaries,$196,000],[$Depreciation$-$Office equipment,$$152,000],[$Income$,]]$

Required:

$1$&$2.$ Prepare flexible budgets at sales volumes of $14,200$ and $16,200$ units.

$3.$ The company's business conditions are improving. One possible result is a sales volume of $18,200$ units. Prepare a simple budgete income statement if $18,200$ units are sold.

Complete this question by entering your answers in the tabs below.

Req $1$ and $2$

Prepare flexible budgets at sales volumes of $14,200$ and $16,200$ units.

$2\mathrm{.}25$ points

$\backslash$table$[[$Flexible Budget Performance Report$],[\backslash$table$[[$For Month Ended June $30],[$Sales$]],\backslash$table$[[$Flexible Budget$],[(11,100$ units$)]],\backslash$table$[[$Actual Results$],[(11,100$ units$)]],$Variances,$\backslash$table$[[$Favorable$/$Unfavorable$],[$Favorable$]]],[$$$,320,000,$$$,293,000,$$$,27,000],[$Variable costs,,,,$354,000,,,],[$Contribution margin,,$488,400,,,,,],[$Fixed costs,,$273,000,,288,000,,,],[$Income$,,,,,,,]]$