Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,100 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 $ Sales 3,020,000 Costs Direct materials 996, 600 Direct labor 211,400 Sales staff commissions 60,400 Depreciation-Machinery 305,000 Supervisory salaries. 202,000 Shipping 211,400 Sales staff salaries (fixed annual 248,000 amount) Administrative salaries 442, 200 192,000 Depreciation-Office equipment Income $ 151,000 Required: 1&2. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. 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. Complete this question by entering your answers in the tabs below. Req 1 Req 3 and 2 Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Flexible Bud for: Total Units Unit Fixed Sales of Sales of Cost 14,100 16,100 Variable costs Fixed costs Variable Amount per Unit