Problem 2.3-1A Preparing and analyzinga flexible budget P1 Phoenix Company reports the following fixed budget. It is based ce an expected prodaction and sales volume of 15,000 units. Required 1. Classify all items listed in the fixed budget as variable or fixed. For variable costs, determine their amounts per unit. For fixed costs, determine their amounts for the year. 2. Prepare flexible budgets (see Exhibit 23,3) at sales volumes of 14,000 and 16,000 units. 3. The company's basiness conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgetcd income stalemen (as is Exhibit 23.1 ) if 18 units are sold. Cheek (2) Budgeted income at 16,000 units, $260,000