Question: i need answers please asap Problem 08-1A Preparing and analyzing a flexible budget LO P1. A1 [The following information applies to the questions displayed below.)




Problem 08-1A Preparing and analyzing a flexible budget LO P1. A1 [The following information applies to the questions displayed below.) Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. $3,300,000 $ 960,000 225,000 45,000 330,000 210,000 190,000 PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 Sales Cost of goods sold Direct materials Direct labor Machinery repairs (variable cost) Depreciation Plant equipment (straight-line) Utilities ($45,000 is variable) Plant management salaries Gross profit Selling expenses Packaging Shipping Sales salary (fixed annual amount) General and administrative expenses Advertising expense Salaries Entertainment expense Income from operations 1,960,000 1,340,000 90,000 105,000 235,000 430,000 125,000 241,000 80,000 446,000 $ 464,000 Problem 08-1A Preparing and analyzing a flexible budget LO P1. A1 [The following information applies to the questions displayed below.) Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. $3,300,000 $ 960,000 225,000 45,000 330,000 210,000 190,000 PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 Sales Cost of goods sold Direct materials Direct labor Machinery repairs (variable cost) Depreciation Plant equipment (straight-line) Utilities ($45,000 is variable) Plant management salaries Gross profit Selling expenses Packaging Shipping Sales salary (fixed annual amount) General and administrative expenses Advertising expense Salaries Entertainment expense Income from operations 1,960,000 1,340,000 90,000 105,000 235,000 430,000 125,000 241,000 80,000 446,000 $ 464,000
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