1 ! 15 points Required information 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. eBook Ask $ 3,300,000 Print 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 1,020,000 225,000 60,000 300,000 250,000 90,000 235,000 230,000 195,000 $ 695,000 References Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 1&2. 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. Complete this question by entering your answers in the tabs below. 1 Required information 15 points Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 eBook Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. Ask PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed per Unit Cost Print Flexible Budget for: Units Sales Unit Sales of of 14,000 16,000 o References Variable costs Fixed costs Rea 1 and Ren 3 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 15 points Required: 1&2. 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. eBook Complete this question by entering your answers in the tabs below. Ask Reg 1 and 2 Reg 3 Print 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. References PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,000