Required information [The following information applies to the questions displayed below.] Phoenix Company reports the following...

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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 15,200 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 3,192,000 Costs Direct materials 988,000 Direct labor 212,800 Sales staff commissions 76,000 Depreciation-Machinery 300,000 Supervisory salaries 196,000 Shipping 228,000 Sales staff salaries (fixed annual amount) Administrative salaries 246,000 586,600 Depreciation-Office equipment 199,000 Income $159,600 Required: 1&2. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,200 units. Prepare a simple 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 15,200 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 3,192,000 Costs Direct materials 988,000 Direct labor 212,800 Sales staff commissions 76,000 Depreciation-Machinery 300,000 Supervisory salaries 196,000 Shipping 228,000 Sales staff salaries (fixed annual amount) Administrative salaries 246,000 586,600 Depreciation-Office equipment 199,000 Income $159,600 Required: 1&2. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,200 units. Prepare a simple