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Required information [The following information applies to the questions displayed below.] Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,000 units. $ 3, eee, eee PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials Direct labor Sales staff comissions Depreciation Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual anount) Administrative salaries Depreciation Office equipment Income 975, eee 225, eee 68,000 388, eee 288,eee 225, eee 250, eee 411,000 195,00 $ 159,000 Required: 1&2. Prepare flexible budgets at sales volumes of 14,000 and 16.000 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18.000 units. Prepare a simple budgeted Income statement of 18,000 units are sold. Complete this question by entering your answers in the tabs below. Red 1 and 2 Req3 Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Flexible Budget for Variable Amount Total Fixed Units Sales Unit Sales per Unit Cost of 14,000 of 16,000 Sales S 200.00 $2,800,000 $3,200,000 Variable costs Direct materials 85.00 910,000 1,040,000 Direct labor 15.00 210,000 240,000 Sales staff commissions 4.00 58,000 84,000 Shipping Total variable costs 84.00 1,176.000 1,344,000 Fixed costs Depreciation Machinery Administrative salaries Sales staff salaries $ 0 5 0 S 0 Req 1 and 2 Req3 > Required Information [The following information applies to the questions displayed below.) Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,000 units. $ 3, e8e, eee 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 975, 80 225, eee 60,000 3e8,eee 200,000 225, eee 250, cee 411,eee 195, eee $ 159, eee Required: 182. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 3. The company's business conditions are Improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted Income statement of 18,000 units are sold. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement if 18,000 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18.000 $ 0