Use the following information for the Problems below. (Algo)

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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 volume of (expression error) units.

PHOENIX COMPANY
Fixed Budget
For Year Ended December 31
Sales	$ 3,040,000
Costs
Direct materials	988,000
Direct labor	228,000
Sales staff commissions	76,000
DepreciationMachinery	300,000
Supervisory salaries	205,000
Shipping	243,200
Sales staff salaries (fixed annual amount)	246,000
Administrative salaries	409,800
DepreciationOffice equipment	192,000
Income	$ 152,000

rev: 10_23_2021_QC_CS-283191

Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1

Required: 1&2. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. 3. The companys business conditions are improving. One possible result is a sales volume of 18,200 units. Prepare a simple budgeted income statement if 18,200 units are sold.

PHOENIX COMPANY
Flexible Budgets
For Year Ended December 31
	Flexible Budget		Flexible Budget for:
	Variable Amount per Unit	Total Fixed Cost	Units Sales of 14,200	Unit Sales of 16,200
Salesselected answer correct	not attempted	not attempted	not attempted	not attempted
Variable costs
Direct materialsselected answer correct	not attempted	not attempted	not attempted	not attempted
Direct laborselected answer correct	not attempted	not attempted	not attempted	not attempted
Sales staff commissionsselected answer correct	not attempted	not attempted	not attempted	not attempted
Shippingselected answer correct	not attempted	not attempted	not attempted	not attempted
not attempted	not attempted	not attempted	not attempted	not attempted
Total variable costsselected answer correct	0.00		0	0
Contribution marginselected answer correct	not attempted		not attempted	not attempted
Fixed costs
DepreciationMachineryselected answer correct	not attempted	300,000selected answer correct	300,000selected answer correct	300,000
DepreciationOffice equipmentselected answer correct	not attempted	192,000selected answer correct	192,000selected answer correct	192,000
Supervisory salariesselected answer correct	not attempted	205,000selected answer correct	205,000selected answer correct	205,000
Sales staff salariesselected answer correct	not attempted	246,000selected answer correct	246,000selected answer correct	246,000
Administrative salariesselected answer correct	not attempted	not attempted	not attempted
not attempted	not attempted	not attempted	not attempted
Total fixed costsselected answer correct		$943,000	$943,000	$943,000
Incomeselected answer correct			not attempted