Use the following information for the Problems below. (Algo) Skip to question [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 $ 3,213,000 Costs Direct materials 979,200 Direct labor 229,500 Sales staff commissions 61,200 DepreciationMachinery 300,000 Supervisory salaries 197,000 Shipping 229,500 Sales staff salaries (fixed annual amount) 248,000 Administrative salaries 617,950 DepreciationOffice equipment 190,000 Income $ 160,650 Problem 21-2A (Algo) Preparing a flexible budget performance report LO P1