15 points #Book Ask Print References 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 15,300 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Mc Graw Hill 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 Incone $ 3,060,000 1,009,800 244,800 45,900 305,000 200,000 229,500 246,000 427,000 199,000 $ 153,000 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1