ok < t ! 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 (expression error) units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 nces 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 $ 3,171,000 981,500 226,500 60,400 300,000 201,000 226,500 246,000 574,550 196,000 $ 158,550 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1