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 15,000 units. Required: 1\&2. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 3. The company's business conditions are Improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted Income statement if 18,000 units are sold. Complete this question by entering your answers in the tabs below. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement if 18,000 units are sold. Req 1 and 2 Req 3 Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ PHOENIX COMPANY } \\ \hline \multicolumn{5}{|c|}{ Flexible Budgets } \\ \hline \multicolumn{5}{|c|}{ For Year Ended December 31} \\ \hline & \multicolumn{2}{|c|}{ Flexible Budget } & \multicolumn{2}{|c|}{ Flexible Budget for: } \\ \hline & \begin{tabular}{l} Variable Amount \\ per Unit \end{tabular} & \begin{tabular}{c} Total Fixed \\ Cost \end{tabular} & \begin{tabular}{c} Units Sales \\ of 14,000 \end{tabular} & \begin{tabular}{c} Unit Sales of \\ 16,000 \end{tabular} \\ \hline & & & & \\ \hline \multicolumn{5}{|l|}{ Variable costs } \\ \hline & & & & \\ \hline 7 & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \multicolumn{5}{|l|}{ Fixed costs } \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} Req 1 and 2 Req 3 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 15,000 units. Required: 1\&2. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 3. The company's business conditions are Improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted Income statement if 18,000 units are sold. Complete this question by entering your answers in the tabs below. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement if 18,000 units are sold. Req 1 and 2 Req 3 Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ PHOENIX COMPANY } \\ \hline \multicolumn{5}{|c|}{ Flexible Budgets } \\ \hline \multicolumn{5}{|c|}{ For Year Ended December 31} \\ \hline & \multicolumn{2}{|c|}{ Flexible Budget } & \multicolumn{2}{|c|}{ Flexible Budget for: } \\ \hline & \begin{tabular}{l} Variable Amount \\ per Unit \end{tabular} & \begin{tabular}{c} Total Fixed \\ Cost \end{tabular} & \begin{tabular}{c} Units Sales \\ of 14,000 \end{tabular} & \begin{tabular}{c} Unit Sales of \\ 16,000 \end{tabular} \\ \hline & & & & \\ \hline \multicolumn{5}{|l|}{ Variable costs } \\ \hline & & & & \\ \hline 7 & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \multicolumn{5}{|l|}{ Fixed costs } \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} Req 1 and 2 Req 3