[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 15,300 units. Sales Costs PHOENIX COMPANY Fixed Budget For Year Ended December 31 Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income $ 3,213,000 994,500 229,500 45,900 300,000 204,000 229,500 246,000 608,950 194,000 $ 160,650 Required: 1&2. Prepare flexible budgets at sales volumes of 14,300 and 16,300 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,300 units. Prepare a simple budge income statement if 18,300 units are sold. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 1 and 2 Req 3 Prepare flexible budgets at sales volumes of 14,300 and 16,300 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Variable costs Fixed costs Flexible Budget Variable Amount Total Fixed Cost per Unit Flexible Budget for: Units Sales Unit Sales of of 14,300 16,300 0.00 0 0 $ 0 $ 0 $ 0 Reg 3 > Req 1 and 2 Req 3 The company's business conditions are improving. One possible result is a sales volume of 18,300 units. Prepare a simple budgeted income statement if 18,300 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,300 $ 0