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 996,600 Direct labor 211,400 Sales staff commissions 60,400 Depreciation Machinery 305,000 Supervisory salaries 202,000 Shipping 211,400 Sales staff salaries (fixed annual amount) 248,000 Administrative salaries 442,200 Depreciation-office equipment 192,000 Income $ 151,000 Required: 1&2. 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. Complete this question by entering your answers in the tabs below. 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 Variable Total Amount per Fixed Cost Flexible Budget for: Units Unit Sales of Sales of 14,100 16,100 Unit Variable costs Fixed costs Red 1 and 2 Reg 3 >