Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units. Sales Coats 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 $ 3,060,000 1,009,800 229,500 76,500 305,000 198,000 229,500 249,000 416,700 193,000 $ 153,000 Problem 21-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 182. Prepare flexible budgets at sales volumes of 14,300 and 16,300 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,300 units. Prepare a simple budgeted income statement if 18,300 units are sold. Complete this question by entering your answers in the tabs below. 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 Amount Total Fixed per Unit Cost Variable costs Fixed costs Flexible Budget for Units Sales Unit Sales of of 14.300 16,300 Raq 3 >> Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 The company's business conditions are improving. One possible result is a sales volume of 18,300 units. Prepare a simple budgeted income statement if 18,300 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,300 < Req 1 and 2 Req 3 > Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units. 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 $ 3,060,000 1,009,800 229,500 16,500 305,000 198,000 229,500 249,000 416,700 193,000 $153,000 Problem 21-2A (Algo) Preparing a flexible budget performance report LO P1 Phoenix Company reports the following actual results. Actual sales were 18,300 units. Sales (18,300 units) Costa Direct materials Direct labor $ 3,705,750 $1,222,440 281,820 82,350 Sales staff commissions Depreciation-Machinery 305,000 Supervisory salaries 212,000 Shipping 266,265 Sales staff salaries (fixed annual amount) Administrative salaries 265,000 424,700 Depreciation-office equipment 193,000 Income 453,175 Required: Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No variance" and enter "O" for zero variance.) For Year Ended December 31 PHOENIX COMPANY Flexible Budget Performance Report Flexible Budget (18,300 units) Actual Results (18,300 units) Variances Favorable/Unfavorable Variable costs Fixed costs 0 0 0