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 15,000 units. PROENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 3,300,000 Costs Direct materials 1,065,000 Direct labor 240,000 Sales start comissions 60.000 Depreciation Machinery 330,000 Supervisory salaries 210,000 Shipping 105,000 Sales statt salaries (fixed annual amount) 235,000 Administrative salaries 230,000 Depreciation office equipment 210,000 Income $ 615,000 Check my work Required: 182. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted Income statement if 18,000 units are sold. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variablo Amount Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 14,000 16,000 per Unit Variable costs Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 14,000 16,000 per Unit Variable costs Fixed costs 182. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement if 18.000 units are sold. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement if 18,000 units are sold. PHOENIX COMPANY Budgeted Income Statement For Yoar Ended December 31 Sales (in units) 18.000