Use the following information for the Problems below. (Algo) [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 Sales Costs Direct materials Direct labor PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income $ 3,213,000 979,200 214,200 45,900 300,000 204,000 229,500 255,000 625,550 199,000 $ 160,650 Problem 21-1A (Algo) Preparing and analyzing a flexible budget LO P1 0 1of2 Problem 21-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 182. Prepare flexible budgets at sales volumes of 14,300 and 16,300 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,300 units. Prepare a simple budget. income statement if 18,300 units are sold. Complete this question by entering your answers in the tabs below. oints wlook Print References Req 1 and 2 Req 3 The company's business conditions are improving. One possible result is a sales volume of 18,300 units. Prepare a simple budgeted income statement if 10,300 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 311 Sales (in units) Depreciation-Office equipment Less Variable cost 18,300 Creating a Lesson P... GThe History Project csmp.ucop.edu/file ment Chapter 21 Saved Help Save & Ex The company's business conditions are improving. One possible result is a sales volume of 18,300 units. Prepare a simple budgeted income statement if 18,300 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 11012 Sales (in units) D ints Book Pint References Depreciation-Office equipment Less: Variable cost Contribution margin Add: Fixed cost Income 18,300 $ 0 1 Required information Flexible Budget Variable Amount Total Fixed Cost per Unit 210.00 Flexible Budget for: Units Sales Unit Sales of of 14,300 16,300 $ 3,003,000 $3,423,000 ort 1 of 2 Sales Variable costs Direct materials 64.00 915,200 1,043,200 Direct labor 14.00 200,200 228,200 20 Sales staff commissions 3.00 42,900 48,900 points Shipping 15.00 214,500 244,500 eBook Total variable costs Print Contribution margin 96.00 114.00 1,372,800 1,564,800 1,630,200 1,858,200 Fixed costs References Depreciation Machinery 300,000 300,000 300,000 Supervisory salaries 204,000 204,000 204,000 Sales staff salaries 255,000 255,000 255,000 Administrative salaries 625,500 625,500 625,500 Depreciation-Office equipment 199,000 199,000 199,000