Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units. Sales PHOENIX COMPANY Fixed Budget For Year Ended December 31 $ 3,060,000 994,500 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 244,800 61,200 300,000 198,000 229,500 245,000 434,000 200,000 $ 153,000