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Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of $15,400$ units.

Problem $21-1$A $($Algo$)$ Preparing and analyzing a flexible budget LO P$1$

Required:

$1$&$2.$ Prepare flexible budgets at sales volumes of $14,400$ and $16,400$ units.

$3.$ The company's business conditions are improving. One possible result is a sales volume of $18,400$ units. Prepare a simple budgeted income statement if $18,400$ units are sold.

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