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	$ 3,000,000
Costs
Direct materials	1,020,000
Direct labor	225,000
Sales staff commissions	45,000
DepreciationMachinery	315,000
Supervisory salaries	230,000
Shipping	90,000
Sales staff salaries (fixed annual amount)	235,000
Administrative salaries	230,000
DepreciationOffice equipment	210,000
Income	$ 400,000

rev: 10_23_2021_QC_CS-283191

Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1

Required: 1&2. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 3. The companys 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.

Req 1 and 2 Reg 3 Prepare flexible budgets at sales volumes of 14,000 and 16,000 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 14,000 16,000 per Unit Sales Variable costs Direct materials Direct labor 0.00 0 0 Fixed costs $ 0 $ 0 $ 0 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 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 if 18,000 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,000 $ 0