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 15,100 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 3,020,000 Costs Direct materials 966,400 Direct labor 241,600 Sales staff commissions 45,300 Depreciation Machinery 300,000 Supervisory salaries 204,000 Shipping 226,500 Sales staff salaries (fixed annual amount) 8,000 Administrative salaries 439,200 Depreciation-office equipment 198,800 Income $ 151,000 Required: 182. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted Income statement if 18.100 units are sold. Req 1 and 2 Reg 3 Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 14,100 16,100 per Unit Variable costs Fixed costs Required: 182. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgetec Income statement If 18,100 units are sold. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted income statement if 18,100 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Salos (in units) 18.100