Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of (expression error) units. $ 3, 213,000 PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation Office equipment Income 994,500 229,500 45,900 3ee, mee 203, eee 229,500 250, eee 602,950 197,000 $ 160,650 Prepare flexible budgets at sales volumes of 14,300 and 16,300 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 14,300 16,300 per Unit Variable costs Dru 1 Next 0.00 O Fixed costs $ 0$ 0 $ 0 C 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. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,300 $ 0 Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of (expression error) units. $ 3, 213,000 PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation Office equipment Income 994,500 229,500 45,900 3ee, mee 203, eee 229,500 250, eee 602,950 197,000 $ 160,650 Prepare flexible budgets at sales volumes of 14,300 and 16,300 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 14,300 16,300 per Unit Variable costs Dru 1 Next 0.00 O Fixed costs $ 0$ 0 $ 0 C 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. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,300 $ 0