[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. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 3,060,000 Costs Direct materials 994,500 Direct labor 214,200 Sales staff commissions 61,200 DepreciationMachinery 300,000 Supervisory salaries 201,000 Shipping 229,500 Sales staff salaries (fixed annual amount) 255,000 Administrative salaries 458,600 DepreciationOffice equipment 193,000 Income $ 153,000 Required: 1&2. Prepare flexible budgets at sales volumes of 14,300 and 16,300 units. 3. The companys business conditions are improving. One possible result is a sales volume of 18,300 units. Prepa