Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of $15,300$ units.

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

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.