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 15,000 units. $ 3,150,000 PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials Direct labor Sales staff commissions Depreciation Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation office equipment Income 1,050,000 240,000 60,000 330,000 250,000 90,000 235,000 230,000 195,000 $ 470,000 Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Total Fixed Amount per Cost Unit $ $ 3,150,000.00 3,150,000.00 Flexible Budget for: Units Unit Sales of Sales of 14,000 16,000 Sales Variable costs Direct materials Direct labor Sales staff commissions 0.00 0 0 Fixed costs Depreciation---Office equipment Depreciation-Machinery Supervisory salaries Administrative salaries 0 $ 0 0 budgeted income statement if 18,000 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,000 $ 0