Help Save Ch 21: Homework O 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 15,000 225,000 300, 000 220,000 105,000 239,000 241,000 210,000 519,000 Saved Part 1 of 2 1.71 points Skipped eBook Ask print References Graw Hill units. PHOENIX COMPANY Fixed Budget For Year pnded DecemberL 31 Sales Costs Direct materials Direct labor Sales staff conunissions DepreciationMachinery Supervisory salaries Shipping Sales staff salaries fixed annual Administrative salaries DepreciationOffice equipment Income $3150,000 45,000 amount ) Problem 21-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 1&2. Prepare flexible budgets 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 if 18,000 units are sold. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 prey 1 2 of 7 Next >