Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amour Administrative salaries Depreciation-Office equipment Income Required Prepare a flexible budget performance report for the year. Problem 23-3A Flexible overhead budget; materials, labor, and o Problem 23-2A Preparing a flexible budget performance report P1 Refer to the information in Problem 23-1A. Phoenix Company reports the following actual results. Actual sales were 18,000 units. Sales (18,000 units) Costs Direct materials Direct labor Sales staff commissions $3,648,000 1,185,000 278,000 63,000 Depreciation Machinery 300,000 Supervisory salaries. 210,000 Shipping 261,500 Sales staff salaries (fixed annual amount) 268,000 Administrative salaries 419,000 Depreciation-Office equipment 195,000 Income $ 468,500 Required Type here to search W 36F 10:23 A 2/26/20 300,000 Supervisory salaries 200,000 Shipping 225,000 Sales staff salaries (fixed annual amount) 250,000 Administrative salaries 411,000 Depreciation Office equipment 195,000 Income $ 159,000 Required 1. Classify all items listed in the fixed budget as variable or fixed. For variable costs, determine their amounts per unit. For fixed costs, determine their amounts for the year. 2. Prepare flexible budgets (see Exhibit 23.3) at sales volumes of 14,000 and 16,000 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement (as in Exhibit 23.1) if 18,000 units are sold. Check (2) Budgeted income at 16,000 units, $260,000 Type here to search E 10:23 A GOOD W 36F 2/26/20 DELL < > 89458492da0a0bae2 Problem 23-1A Preparing and analyzing a flexible budget P1 Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,000 units. Fixed Budget For Year Ended December 31 Sales $3,000,000 Costs Direct materials Direct labor 975,000 225,000 Sales staff commissions 60,000 Depreciation-Machinery 300,000 Supervisory salaries 200,000 Shipping 225,000 Sales staff salaries (fixed annual amount) 250,000 Administrative salaries 411,000 Depreciation-Office equipment 195,000 Income $ 159,000 Type here to search W H DELL 36F