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 staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation office equipment Income 1,020,000 225,000 60,000 330,000 210,000 90,000 235,000 241,000 195,000 $544,000 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 Prepare flexible budgets at sales volumes of 14,000 and 16,000 units PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed per Unit Cout $ 15,000.00 Flexible Budget for Units Sales Unit Sales of of 14,000 16.000 Sales Variable costs 15,000.00 PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed per Unit Cost $ 15,000.00 Flexible Budget for: Units Sales Unit Sales of of 14,000 16,000 Sales Variable costs 15,000.00 15,000.00 0 0 Fixed costs Required information 15,000.00 Ook Fixed costs Print rences 0 $ Regland 2 Req3 > 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 Year Ended December 31 Sales (in units) 18.000 0