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Phoenix Company reports the following fixed budget. it is based on an expected production and sales volume of 15,200 units. Prepare flexible budgets at sales

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Phoenix Company reports the following fixed budget. it is based on an expected production and sales volume of 15,200 units. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. The company's business conditions are improving. One possible result is a sales volume of 18,200 units, Prepare a simple budgeted income statement if 18,200 units are sold. Phoenix Company reports the following actual results. Actual sales were 18,200 units. Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting "Favorable" "Unfaunrahia" Colent "Nn varianra" and anter "O" for zero variance.)

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