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[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

[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 $ 3,171,000 Costs Direct materials 981,500 Direct labor 226,500 Sales staff commissions 60,400 DepreciationMachinery 305,000 Supervisory salaries 197,000 Shipping 226,500 Sales staff salaries (fixed annual amount) 246,000 Administrative salaries 57

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Required information [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 reports the following actual results. Actual sales were 18,100 units

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