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 15,300 units. Sales Costs Direct materials. Direct labor PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales staff commissions Depreciation-Machinery Supervisory nalaries. Shipping Sales staff salaries (fixed annual amount). Administrative salaries Depreciation-office equipment Income $ 3,213,000 1,009,800 229,500 61,200 300,000 201,000 214,200 251,000 592,650 193,000 $ 160,650 Required: 1&2, Prepare flexible budgets at sales volumes of 14,300 and 16,300 units, 3. The company's business conditions are improving. One possible result is a sales volume of 18,300 units. Prepare a simple budgeted income statement if 18,300 units are sold.