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 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 $ 3,213,000 994,500 214,200 61,200 300,000 197,000 229,500 255,000 600,950 200,000 $ 160,650 Problem 23-2A (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) 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 $ 3,888,750 $ 1,204,140 263,520 64,050 300,000 209,000 266,265 275,000 607,950 200,000 498,825