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 15,100 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials $ 3,171,000 966,400 Direct labor 226,500 Sales staff commissions 45,300 Depreciation-Machinery 300,000 Supervisory salaries 204,000 Shipping 226,500 Sales staff salaries (fixed annual amount) Administrative salaries 251,000. 600,750 Depreciation-Office equipment 192,000 Income $158,558 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 1&2. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted Income statement if 18,100 units are sold. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 14,100 16,100 Variable Amount per Unit Variable costs Fixed costs Req 1 and 2 0.00 0 0 $ 0 $ 0 $ Req 3 > Required: 1&2. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budget: income statement if 18,100 units are sold." Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 The company's business conditions are Improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted Income statement if 18,100 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,100 $