[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 60,400 Depreciation-Machinery 295,000 Supervisory salaries 196,000 Shipping 241,600 Sales staff salaries (fixed annual amount) Administrative salaries 255,000 572,550 Depreciation-office equipment 199,000 Income $158,550 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. 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 Variable costs Fixed costs Flexible Budget Variable Amount Total Fixed Cost per Unit Flexible Budget for: Units Sales Unit Sales of of 14,100 16,100 0.00 0 $ 0 $ O 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