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. $ 3,150,000 PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials Direct labor Sales statt Commissions Depreciation-Machinery Supervisory salaries Shipping Sales statt Salaries (+ixed annual anount) Administrative salaries Depreciation Office equipment Income 1,065,800 225,000 45,000 315,000 240,000 90,000 235.ee 241,000 210, cee $ 484,000 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 1&2. 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 un 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 Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. FIRDIR Required information complete this question by entering your answers in the tads pelow. Red 1 and 2 Req3 Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Flexible Budget for Variable Amount Total Fixed Units Sales Unit Sales of Cost of 14,000 16,000 per Unit Variable costs Fored costs Req3 > Prev 1 of 1 Next Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 1&2. 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. Prepar budgeted income statement if 18,000 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,000