Phoenix Companys 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units.

• Classify all items listed in the fixed budget as variable or fixed.

• Also determine their amounts per unit or their amounts for the year, as appropriate.

• Identify the unit variable costs in the format of variable costing, according to your findings in part a

• Organize a template for variable costing income statements in which the sales volume is a variable.

• Test your template for 15,000 units sales volume to see if you get the same income as stated above

• Find the breakeven point and provide the income statement at break even

• Provide income statement at sales volume 12,000, 14,000, 16,000, and 18,000

Flxed Budget Report For Year Ended December 31, 2019 Sales $3,000,000 Cost of goods sold Selling expenses Packaging................................ 75,000 Sales salary (fixed annual amount) ................... 250,000430,000 General and administrative expenses Salaries................................... 241,000