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 $ 3, 192,000 Costs Direct materials 1, 003, 200 Direct labor 212, 800 Sales staff commissions 76, 000 Depreciation-Machinery 300, 000 Supervisory salaries 197 , 000 Shipping 243 , 200 Sales staff salaries (fixed annual amount) 251, 000 Administrative salaries 549 , 200 Depreciation Office equipment 200, 000 Income $ 159, 600 Problem 21-1A (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 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