{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T21:04:07-04:00", "answer_date": "2024-05-28 21:04:07", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1858085", "url": "\/study-help\/questions\/use-the-following-information-for-the-problems-below-static-the-1858085", "question_creation_date_js": "2024-05-28T21:04:07-04:00", "question_creation_date": "May 28, 2024 09:04 PM", "meta_title": "[Solved] Use the following information for the Pro | SolutionInn", "meta_description": "Answer of - Use the following information for the Problems below. (Static) [The following information applies to the questions dis | SolutionInn", "meta_keywords": "information,problems,below,static,applies,questions,displayed,phoenix,company,reports,fixed,budget", "question_title_h1": " Use the following information for the Problems below. (Static) [The following information applies to the questions displayed below.) Phoenix Company reports the following fixed", "question_title": " Use the following information for the Problems below. (Static) [The following", "question_title_for_js_snippet": "Use the following information for the Problems below (Static) 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 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 $3,000,000 975,000 225,000 60,000 300,000 200,000 225,000 250,000 411,000 195,000 $ 159,000 Problem 21 1A (Static) Preparing and analyzing a flexible budget LO P1 Required 182 Prepare flexible budgets at sales volumes of 14,000 and 16,000 units 3 The company's business conditions are improving One possible result is a sales volume of 18 000 units Prepare a simple budgeted income statement if 18,000 units are sold ", "question_description": "\"image\"image", "transcribed_text": "Use the following information for the Problems below. (Static) [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. 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 $3,000,000 975,000 225,000 60,000 300,000 200,000 225,000 250,000 411,000 195,000 $ 159,000 Problem 21-1A (Static) Preparing and analyzing a flexible budget LO P1 Required: 182. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18.000 units. Prepare a simple budgeted income statement if 18,000 units are sold.", "related_book": { "title": "Financial And Managerial Accounting", "isbn": "1337119202, 978-1337119207", "edition": "14th Edition", "authors": "Carl S. Warren, James M. Reeve, Jonathan Duchac", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/64634277d1690_1244.jpg", "uri": "\/textbooks\/financial-and-managerial-accounting-14th-edition-1244", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8857339015", "uri": "\/textbooks\/10-steps-to-one-million-sales-in-12-months-a-multi-level-marteking-success-guide-1st-edition-979-8857339015-230247", "name": "10 Steps To One Million $$$$$ Sales In 12 Months A Multi Level Marteking Success Guide", "edition": "1st Edition" }, "question_posted": "2024-05-28 21:04:07", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/9-what-is-the-coordination-entity-formed-when-excess-of-398836", "description": "9. 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