Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,000 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 3,688,eee Costs Direct materials 975, eee Direct labor 225, eee Sales staff comissions 68,000 Depreciation-Machinery 300,00 Supervisory salaries 288,eee Shipping 225, eee Sales staff salaries (fixed annual amount) 250, eee Administrative salaries 411,00 Depreciation Office equipment 195,eee Income $ 159,000 Required: 1&2. Prepare flexible budgets at sales volumes of 14.000 and 16.000 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18.000 units. Prepare a simple budgeted Income statement of 18.000 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 14,000 and 15,000 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Flexible Budget for: Variable Amount Total Fixed Units Sales Unit Sales per Unit Cost of 14,000 of 16,000 Sales S 200.00 $2,800,000 $3,200,000 Variable costs Direct materials 910,000 1.040,000 Direct labor 15.00 210,000 240,000 Sales staff commissions 4.00 58.000 84.000 65.00 Shipping Total variable costs 84.00 1,176,000 1,344,000 Fixed costs $ 01 0 $ 0 Reg 1 and 2 Req3 > Required information [The following information applies to the questions displayed below.] Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,000 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials Direct labor Sales staff comissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual anount) Administrative salaries Depreciation Office equipment Income $ 3,eee, eee 975, eee 225,000 60,00 380,000 288,888 225,eee 250, eee 411, eee 195,000 $ 159,688 Required: 1&2. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 3. The company's business conditions are Improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted Income statement of 18,000 units are sold. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement if 18,000 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18.000
