Phoenix Company Standard Cost Card - Current Year (2019) Qty per Cost per Std. Cost per Unit Input Unit (a) Direct materials 4.00 Ibs. X $15.0000 $60.0000 Direct labor 1.2396 hrs. X 12.10 $15.0000 Variable Overhead 1.2396 hrs. X $7.2598 $9.0000Phoenix Company's 2019 master budget included the following xed budget report. It is based on an expected production and sales volume of 16,000 units. PHOENIX [mPNY Fixed Budget Report For Year Ended Decelber 31, 2319 Sales $4,333,333 Cost of goods sold Direct materials $ 963,333 Direct labor 243,333 Machinery repairs (variable cost) 33,333 DepreciationPlant equipment (straight-line) 333,333 Utilities ($54,333 is variable) 214,333 Plant management salaries 215,333 2,339,333 Gross profit 1,961,333 Selling expenses Packaging 96,333 Shipping 123,333 Sales salary (fixed annual amount) 263,333 484,333 General and administrative expenses Advertising expense 133,333 Salaries 251,333 Entertainment expense 113,999 494,390 Income from operations $ 9332-390