Phoenix Company reports the following fixed budget. It is based on an expected production and sales...

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Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units. Sales Costa PHOENIX COMPANY Fixed Budget For Year Ended December 31 Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income $ 3,234,000 1,001,000 246,400 46,200 295,000 198,000 231,000 251,000 610,700 193,000 $ 161,700 Required: 1&2. Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed per Unit Cost Flexible Budget for: Units Sales Unit Sales of of 14,400 16,400 Sales Variable costs Direct materials Direct labor Sales staff commissions Shipping Total variable costs Contribution margin Fixed costs Depreciation Machinery Supervisory salaries Sales staff salaries Administrative salaries Depreciation Office equipment Total fixed costs Income pur vine 0.00 $ GUSL 0 $ UI 14,900 0 59 10,400 0 0 Req 1 and 2 Req 3 The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a sim budgeted income statement if 18,400 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) Sales Less: Variable cost Contribution margin Less: Fixed cost Income $ 18,400 0 Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units. Sales Costa PHOENIX COMPANY Fixed Budget For Year Ended December 31 Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income $ 3,234,000 1,001,000 246,400 46,200 295,000 198,000 231,000 251,000 610,700 193,000 $ 161,700 Required: 1&2. Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed per Unit Cost Flexible Budget for: Units Sales Unit Sales of of 14,400 16,400 Sales Variable costs Direct materials Direct labor Sales staff commissions Shipping Total variable costs Contribution margin Fixed costs Depreciation Machinery Supervisory salaries Sales staff salaries Administrative salaries Depreciation Office equipment Total fixed costs Income pur vine 0.00 $ GUSL 0 $ UI 14,900 0 59 10,400 0 0 Req 1 and 2 Req 3 The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a sim budgeted income statement if 18,400 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) Sales Less: Variable cost Contribution margin Less: Fixed cost Income $ 18,400 0

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Answer 12 Particulars 15400 Units PU 14400 Units 16400 Units 18400 Units Sales 3234000 21000 Variabl... View the full answer