PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials Direct labor Sales...

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PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-Office equipment Income $ 3,213,000 994,500 229,500 45,900 305,000 196,000 244,800 254,000 591,650 191,000 $ 160,650 Phoenix Company reports the following actual results. Actual sales were 18,300 units. Sales (18,300 units) Costs Direct materials Direct labor $ 3,888,750 $ 1,204,140 281,820 45,750 Sales staff commissions Depreciation-Machinery 305,000 Supervisory salaries 208,000 Shipping 284,565 Sales staff salaries (fixed annual amount) Administrative salaries 274,000 598,650 Depreciation-Office equipment 191,000 Income 495,825 Required: Prepare a flexible budget performance report for the year. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No varlance" and enter "0" for zero varlance. For Year Ended December 31 PHOENIX COMPANY Flexible Budget Performance Report Flexible Budget (18,300 units) Actual Results (18,300 units) Variances Favorable or Unfavorable Variable costs Fixed costs PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-Office equipment Income $ 3,213,000 994,500 229,500 45,900 305,000 196,000 244,800 254,000 591,650 191,000 $ 160,650 Phoenix Company reports the following actual results. Actual sales were 18,300 units. Sales (18,300 units) Costs Direct materials Direct labor $ 3,888,750 $ 1,204,140 281,820 45,750 Sales staff commissions Depreciation-Machinery 305,000 Supervisory salaries 208,000 Shipping 284,565 Sales staff salaries (fixed annual amount) Administrative salaries 274,000 598,650 Depreciation-Office equipment 191,000 Income 495,825 Required: Prepare a flexible budget performance report for the year. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No varlance" and enter "0" for zero varlance. For Year Ended December 31 PHOENIX COMPANY Flexible Budget Performance Report Flexible Budget (18,300 units) Actual Results (18,300 units) Variances Favorable or Unfavorable Variable costs Fixed costs