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 15,200 units. The company's business conditions are improving. One possible result is a sales volume of 18,200 units. Prepare a simple budgeted income statement if 18,200 units are sold. Req 3 \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Flexible Budgets } \\ \hline \multicolumn{5}{|c|}{ For Year Ended December 31} \\ \hline & \multicolumn{2}{|c|}{ Flexible Budget } & \multicolumn{2}{|c|}{ Flexible Budget for: } \\ \hline & \begin{tabular}{c} Variable Amount \\ per Unit \end{tabular} & \begin{tabular}{l} Total Fixed \\ Cost \end{tabular} & \begin{tabular}{c} Units Sales \\ of 14,200 \end{tabular} & \begin{tabular}{c} Unit Sales of \\ 16,200 \end{tabular} \\ \hline \multicolumn{5}{|l|}{ Sales } \\ \hline \multicolumn{5}{|l|}{ Variable costs } \\ \hline \multicolumn{5}{|l|}{ Direct materials } \\ \hline \multicolumn{5}{|l|}{ Direct labor } \\ \hline \multicolumn{5}{|l|}{ Sales staff commissions } \\ \hline \multicolumn{5}{|l|}{ Shipping } \\ \hline Total variable corts & 0.00 & & 0 & 0 \\ \hline & & & & 7 \\ \hline \multicolumn{5}{|l|}{ Fixed costs } \\ \hline \multicolumn{5}{|l|}{ Doprociation-Machinory } \\ \hline Supervisory salaries & F & & r & \\ \hline \end{tabular}