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 15,200 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 1,192,080 Costs Direct materials 1, 803, 200 Direct labor 228, 298 Sales staff commissions 68, 839 Depreciation Machinery 385, 689 Supervisory salaries 197, 989 Shipping 228, 968 Sales staff salaries (fixed annual amount) 252, 808 Administrative salaries 560, 498 Depreciation Office equipment 198, 259 Income $ 159,G89 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 142. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. 3. The company's 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. Complete this question by entering your answers in the tabs below