Required Information The following information applies to the questions displayed below) Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 Sales $3,000,000 Cost of goods sold Direct materials $975,000 Direct labor 225,000 Machinery repairs (variable cost) 60.000 Depreciation Plant equipment (straight-line) 300,000 Utilities ($45,008 is variable) 195,000 Plant management salaries 200.000 1 955,000 Gross profit 1849,000 Selling expenses Packaging 75,000 Shipping 105,000 Sales salary (fixed annual amount) 250,000 430,000 General and administrative expenses Advertising expense 125,000 Salaries 241,000 Entertainment expense 90.998 456, 000 Income from operations $ 150,000 Required: 182. Pre nexible big for the company at 14.000 and 16.000 unts and classify all items listed in the budaatile de PHOENIX COMPANY Flexible Budge For Year Ended December 31, 2015 Rexible Budget Rex Bideo Vanable Total Fixed Unit Sales Unit Salen Amount per Unit COSE of 14.000 of 18.000 $ 0.00 $ 48.000 3,648,000.00 Sales Variable costs 0.00 0 0 Found costs 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. The company president is confident that this volume is within the relevant range of existing capacity. How much would operating income increase over the budgeted amount of $159.000 if this level is reached without increasing capacity? PHOENIX COMPANY Forecasted Contribution Margin income Statement For Year Ended December 21, 2019 Sales in units) 15.000 18.000 contribution margin ser unit) Contbution margin Fred costs Operating incon