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 Costs Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-0ffice equipment Income $ 3,820, 000 966, 400 241,600 45,300 300, e00 204,000 226,500 248,000 439, 200 198, e00 $ 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 Req 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 Flexible Budget for: Total Fixed Cost Units Sales Unit Sales of of 14,100 Variable Amount per Unit 16,100 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 iIf 18,100 units are sold. Complete this question by entering your answers in the tabs below. Req 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 Reg 1 and 2