Required information Problem 23-1A Preparation and analysis of a flexible budget LO P1 The following information applies to the questions displayed belowj Phoenix Company's 2017 master budget included the following fiwed budget report itis based on an expected production and sales volume of 15,000 units PHOENIX COOP Fixed Budget Report For Year Ended December 31, 2017 Sales Cost of goods sold $3,000,000 Direct materials Direct labor Machinery repairs (variable cost) Depreciation-Plant equipment (straight-line) Utilities ($30,000 is variable) Plant management salaries $930,000 210,000 60,000 315,000 180,000 200, 0001, 895,000 1,105,000 Gross profit Selling expenses Packaging Shipping Sales salary (fixed annual amount) 90,000 105,000 235-000 430,000 General and administrative expenses 100,000 241,000 Salaries Entertainment expense 90,000S 431,000 244,000 Problem 23-1A Part 3 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. The company president is