Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of $15,100$

units.

Required:

$1$&$2.$ Prepare flexible budgets at sales volumes of $14,100$ and $16,100$ units.

The company's business conditions are Improving. One possible result is a sales volume of $18,100$ units. Prepare a simple budgeted

Income statement if $18,100$ units are sold.

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Prepare flexible budgets at sales volumes of $14,100$ and $16,100$ units.