O Required information 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 units PROENIX COMPANY Tixed budget Yor Year Ended December 31 Sales costs Direct materiale Direct labor Sales atat commissions Depreciation Machinery Supervisory salaries Shipping Sales statt salaries (fixed annual amount) Administrative salaries Depreciation office equipment Income $ 3,000,000 975,000 225,000 75,000 300,000 197.000 240,000 247,000 395,000 196,000 5.150.000 Required: 182. 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 of 18,000 units are sold Required: 182. 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 budget income statement if 18,000 units are sold, Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed por Unit Cost Flexible Budget for Units Sales Unit Sales of of 14,000 16,000 Variable costs Fixed costs Ronan Reg 3 > Required: 182. 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 budget Income statement If 18,000 units are sold. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 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. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,000