Required information [The following information applles to the questions displayed below.] Phoenlx Company reports the following fixed budget. It is based on an expected production and sales volume of 15,500 unlts. Required: 1\&2. Prepare flexible budgets at sales volumes of 14,500 and 16,500 units. 3. The company's business conditions are Improving. One possible result is a sales volume of 18,500 units. Prepare a simple budgeted Income statement if 18,500 units are sold. Complete this question by entering your answers in the tabs below. Prepare flexible budgets at sales volumes of 14,500 and 16,500 units. Required: 1\&2. Prepare flexlble budgets at sales volumes of 14,500 and 16,500 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,500 units. Prepare a simple budgeted income statement if 18,500 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 18,500 units. Prepare a simple budgeted income statement if 18,500 units are sold. Phoenlx Company reports the following actual results. Actual sales were 18,500 units. Required: Prepare a flexible budget performance report for the year. (Indicate the effect of each varlance by selecting "Favorable" or "Unfavorable". Select "No varlance" and enter " 0 " for zero varlance.)