Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units PHOENIX COMPANY Sales Costs Direct materials Direct labor Fixed Budget For Year Ended December 31 $ 3,234,000 1,001,000 246,400 Sales staff commissions 46,200 Depreciation-Machinery 305,000 Supervisory salaries 200,000 Shipping 246,400 Sales staff salaries (fixed annual amount) Administrative salaries 253,000 578,300 Depreciation-Office equipment 196,000 Income $161,700 Phoenix Company reports the following actual results. Actual sales were 18,400 units. Sales (18,400 units) Costs Direct materials Direct labor $ 3,910,000 $ 1,210,720 301,760 Sales staff commissions 46,000 Depreciation-Machinery 305,000 Supervisory salaries 214,000 Shipping 286,120 Sales staff salaries (fixed annual amount) Administrative salaries 274,000 587,300 Depreciation-Office equipment 196,000 Income 489,100