Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,000 units. Fixed Budget For Year Ended December 31 Sales $3,000,000 Costs Direct materials 975,000 Direct labor 225,000 Sales staff commissions 60,000 Depreciation-Machinery 300,000 Supervisory salaries 200,000 Shipping 225,000 Sales staff salaries (fixed annual amount) 250,000 Administrative salaries 411,000 Depreciation-Office equipment 195,000 Income $ 159,000