Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of units.PHOENIX COMPANY Fixed Budget For Year Ended December SalesCosts$ Direct materialsDirect laborSales staff. commissionsDepreciationMachinerySupervisory salaries Shipping Sales staff salaries fixed annual amountAdministrative salariesDepreciationOffice equipmentIncome$ .

Required:& Prepare flexible budgets at sales volumes of  and  units The company\'s business conditions are improving. One possible result is a sales volume of  units.

Prepare a simple budgeted income statement if  units are sold.