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Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,100 units. Required: 1&2. Prepare flexible budgets
Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,100 units. Required: 1\&2. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted ncome statement if 18.100 units are sold. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted income statement if 18,100 units are sold
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