Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of $15,500$

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 $14,500$ and $16,500$ units.

$3$: The company's business conditions are improving. One possible result is a sales volume of $18,500$ units. Prepare a simple budgeted

income statement if $18,500$ units are sold.

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