Required information [The wo Wormation applies to the questions played below) Phoenix Company's 2019 mauter budget Included the following fixed budget report. It is based on an expected production and sales volume of 15,000 unit $3.300.ee PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 Sales Cost of goods sold Direct materials $975.ee Direct labor 225, eee Machinery repairs (variable cost) 45,90 Depreciation Plant equipment (straight line) 300.000 Utilities ($45,000 is variable) 195,00 Plant management salaries 200,000 Gross profit Selling expenses Packaging 75,000 Shipping 90.000 Sales salary (fixed annual amount) 235,000 General and administrative expenses Advertising expense 10,080 Salaries 230, cee Entertainment expenso se.ee Income from operations 1.940,000 1. 360.ee 480, eee 42e.eso 540,00 $ 4. An unfavorable change in business remotely possible. In this case, production and sales volume for the year cu o fol to 12.000 Units. How much Income for loss from operations would occursales volume fails to this leveEnter any loss with minus sign PHOENIX COM Foroacia Contribution Margin Salon Corton Fuad osts