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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
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 Costs $ 3,234,000 Direct materials Direct labor 1,001,000 231,000 Sales staff commissions 61,600 Depreciation-Machinery 305,000 Supervisory salaries 199,000 Shipping 215,600 Sales staff salaries (fixed annual amount) 252,000 Administrative salaries 617,100 Depreciation-office equipment 190,000 Income $161,700
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