Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units. Sales Costs PHOENIX COMPANY Fixed Budget For Year Ended December 31 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 76,500 300,000 204,000 229,500 248,000 572,350 198,000 $ 160,650 Req 1 and 2 Req 3 Prepare flexible budgets at sales volumes of 14,300 and 16,300 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable costs Fixed costs Variable Amount per Unit Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 14,300 16,300 Req 1 and 2 Req 3 The company's business conditions are improving. One poss budgeted income statement if 18,300 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,300