Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 3,213,000 Costs Direct materials 994,500 Direct labor 229,500 Sales staff commissions 76,500 Depreciation-Machinery 35 , Supervisory salaries 203, eee Shipping 244,800 sales staff salaries (fixed annual amount) 253,000 Administrative salaries 520,920 Depreciation Office equipment 193, eee Income $ 192,780 Required: 1&2. Prepare flexible budgets at sales volumes of 14,300 and 16,300 units 3. The company's business conditions are improving. One possible result is a sales volume of 18,300 units. Prepare a simple budgeted income statement if 18,300 units are sold Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Prepare flexible budgets at sales volumes of 14,300 and 16,300 units, PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Flexible Budget for: Prepare flexible budgets at sales volumes of 14,300 and 16,300 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 14,300 16,300 per Unit Variable costs 0 0.00 Fixed costs $ 0 $ 0 $ 0 Req 1 and 2 Reg 3 The company's business conditions are improving. One possible result is a sales volume of 18,300 units. Prepare a simple budgeted income statement if 18,300 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,300 0