Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units.

PHOENIX COMPANY
Fixed Budget
For Year Ended December 31
Sales	$ 3,080,000
Costs
Direct materials	1,016,400
Direct labor	231,000
Sales staff commissions	61,600
DepreciationMachinery	300,000
Supervisory salaries	197,000
Shipping	231,000
Sales staff salaries (fixed annual amount)	254,000
Administrative salaries	444,000
DepreciationOffice equipment	191,000
Income	$ 154,000

Problem 21-1A (Algo) Preparing and analyzing a flexible budget LO P1

Required: 1&2. Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. 3. The companys business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold.

Required information Complete this question by entering your answers in the tabs below. The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold