! Required information Use the following information for the Problems below. (Algo) 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 15,200 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 3, 040,060 Costs Direct materials 938,909 Direct labor 228,200 Sales staff commissions 60,800 Depreciation Machinery 380,090 Supervisory salaries 205,000 Shipping 228,090 Sales staff salaries (fixed annual amount) 252,800 Administrative salaries 427, 200 Depreciation-Office equipment 199,900 Income $ 152,000Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 182. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18.200 units. Prepare a simple budgeted income statement if 18 200 units are sold. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. PHOENIX COMPANY Flexible Budgets For Your Ended December 31 Flexible Budget Flexible Budget for: Variable Amount. Total Fixed Units Sales Unit Sales of per Unit Cost of 14.200 16.200Reg 1 and 2 Req 3 Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Flexible Budget Ion Variable Amount Total Flood Units Sales Unit Sales of per Unit Cost of 14,200 16.200 Sales Variable costs Direct labor Sales staff commissions Shipping Direct materials Depreciation-Office equipment 0.00\fReg 1 and 2 Req 3 The company's business conditions are improving. One possible result is a sales volume of 18,200 units. Prepare a simple budgeted income statement if 18,200 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units] 18.200 0