III - Conne X + to.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.co Saved ! Required information [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. Sales Costs Direct materials Direct labor PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-Office equipment Income $ 3,150,000 975,000 225,000 75,000 300,000 200,000 210,000 247,000 568,500 192,000 $ 157,500 Phoenix Company reports the following actual results. Actual sales were 18,000 units. Sales (18,000 units) Costs Direct materials Direct labor $ 3,825,000 $ 1,184,400 277,200 Sales staff commissions 81,000 Depreciation-Machinery 300,000 Supervisory salaries 213,000 Shipping 243,900 Sales staff salaries (fixed annual amount) 267,000 Administrative salaries 576,500 Depreciation-Office equipment 192,000 Income 490,000 Required: Prepare a flexible budget performance report for the year. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No variance" and enter "O" for zero variance. For Year Ended December 31 Variable costs PHOENIX COMPANY Flexible Budget Performance Report Flexible Budget (18,000 units) Actual Results (18,000 units) Variances Favorable or Unfavorable < Prev 10 of 26 Next >