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Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 1 5 , 3 0 0 units.

Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units.
Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1
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.
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