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 $ 3,020,000 Costs Direct materials 981,500 Direct labor 226,500 Sales staff commissions 45,300 DepreciationMachinery 305,000 Supervisory salaries 196,000 Shipping 211,400 Sales staff salaries (fixed annual amount) 248,000 Administrative salaries 463,300 DepreciationOffice equipment 192,000 Income $ 151,000