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Required information [The following information applies to the questions displayed below.] Phoenlx Company reports the following fixed budget. It is based on an expected production

image text in transcribed Required information [The following information applies to the questions displayed below.] Phoenlx Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units. Required: 1\&2. Prepare flexible budgets at sales volumes of 14,300 and 16,300 units. 3. The company's business conditlons are improving. One possible result is a sales volume of 18,300 unlts. Prepare a simple budgeted ncome statement if 18,300 units are sold. Complete this question by entering your answers in the tabs below. Prepare flexible budgets at sales volumes of 14,300 and 16,300 units

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