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 17,000 units PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 3,000,000 Costs Direct materials 1,035,000 Direct labor 225, eee Sales staff commissions 45,000 Depreciation-Machinery 315,000 Supervisory salaries 250,000 Shipping 105,000 Sales staff salaries (fixed annual amount) 235, eee Administrative salaries 241,000 Depreciation-office equipment 195,000 $ 354,00 Income Problem 21-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 1&2. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted Income statement if 18,000 units are sold. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. PHOENIX COMPANY Flexible Budgets For Year Ended Decembe 31 Flexible Budget Variable Amount Total Fixed Cost Sales Variable costs Direct materials Direct labor Flexible Budget for: Units Sales Unit Sales of of 14,000 16,000 per Unit Shipping 0.00 0 Fixed costs Shipping 0.00 0 Fixed costs Depreciation Machinery Utilities Sales staff salaries s OS os 0 Req3 > Req 1 and 2 Reg 3 The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement if 18,000 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18.000 S