ences Required information Use the following information for the Problems below. (Algo) [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 15,100 units. PHOENIX COMPANY Fixed Budget; For Year Ended December 31 Sales $ 3,171,000 Costs Direct naterials 981,500 Direct labor 226,500 Sales staff commissions 60,400 Depreciation-Machinery 305,000 Supervisory salaries 200,000 Shipping 211,400 Sales staff salaries (fixed annual amount) 252,000 Administrative salaries 577,650 Depreciation-Office equipment 198,800 Incone $158,550 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 1&2. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted Income statement if 18,100 units are sold. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. Required information Sales Variable costs Direct matenals ces Fixed costs PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed per Unit Cost Flexible Budget for: Units Sales Unit Sales of of 14,100 16,100 0.00 0 $ 0 $ 0 $ 0 Required information Required: 1&2. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are Improving. One possible result is a sales volume of 18.100 units. Prepare a simple budgeted Income statement if 18,100 units are sold. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted income statement if 18,100 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,100 $ 0