i 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 15,500 units. Sales Costa Direct materials Direct labor PHOENIX COMPANY Fixed Budget For Year Ended December 311 Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income $ 3,100,000 1,007,500 232,500 46,500 295,000 198,000 217,000 249,000 504,500 195,000 $ 155,000 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1