! Required information [The following information applies to the questions displayed below.) Phoenix Company's 2019 master budget Included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 Sales $3,000,000 Cost of goods sold Direct materials $930,000 Direct labor 210,000 Machinery repairs (variable cost) 45,000 Depreciation Plant equipment (straight-line) 000 Utilities (560,000 is variable) 180,000 Plant management salaries 210,000 1,875,000 Gross profit 1, 125,000 Selling expenses Packaging 75,000 Shipping 105,000 Sales salary (fixed annual amount) 235,000 415,000 General and administrative expenses Advertising expense 125,000 Salaries 241,000 Entertainment expense 80,000 446,000 Income from operations $ 264,000 Required: 182. Prepare flexible budgets for the company at soles volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed Required information Part 1 of 3 Required: 182. Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all Items listed in the fixed budget as variable or fixed 142 points Answer is not complete. PHOENIX COMPANY Flexible Budgets For Year Ended December 31, 2010 Flexible Budget Variable Total Amount per Unit Fixed Cost Flexible Budget for Units Unit Sales of Sales of 14,000 16,000 > Sales Variable costs Direct materials Direct labor Machinery repairs Us Packaging Shipping OOOOOOOO 0.00 0 0 Total variable con Contribution margin Fixed costs Depreciation Plant equipment (right ine Us Plan management Sales Sales salary Advertising expense Salas Entertainment per OOOOOOOOO 0 Totaldo Income from operations $ 0 1 0