[The following information applies to the questions displayed below.,] Pebco Company's 2011 master budget included the following fixed budget report. It is based on an expectec production and sales volume of 15,000 units. PEBCO COMPANY Fixed Budget Report For Year Ended December 31, 2011 Sales $3150,000 Cost of goods sold Direct materials Direct labor Machinery repairs (variable cost) Depreciation-plant equipment Utilities ($30,000 is variable) Plant management salaries $ 945,000 225,000 45,000 315,000 210,000 220,000 1,960,000 Gross profit Selling expenses 1190,000 Packaging Shipping Sales salary (fixed annual amount) 90,000 105,000 235,000 430,000 General and administrative expenses Advertising expense Salaries Entertainment expense 150,000 230,000 75,000 455,000 Income from operations $ 305,000 20.00 points 1. Classify all items listed in the fixed budget as variable or fixed. Also determine their amounts per unit or their amounts for the year, as appropriate. (Round your variable amount answers to 2 decimal places. Omit the "$" sign in your response.) Variable or Fixed Classification Amount Variable sales (Click to select) Variable costs (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total variable costs Fixed costs (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total fixed costs 2. Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units. (Round your variable amount per unit answers to 2 decimal places. Input all amounts as positive values. Omit the "$" sign in your response.) PEBCO COMPANY Flexible Budgets For Year Ended December 31, 2011 Flexible Budget Variable Amount per Unit Total Fixed Cost Flexible Budget for Unit Sales of 14,000 Flexible Budget for Unit Sales of 16,000 (Click to select) Variable costs (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total variable costs (Click to select) Fixed costs (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total fixed costs Income from operations 4. An unfavorable change in business is remotely possible; in this case, production and sales volume for 2011 could fall to 12,000 units. How much income (or loss) from operations would occur if sales volume falls to this level? (Input the amount as positive value. Do not round intermediate calculations. Omit the "$" sign in your response.) (Click to select)