Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,200 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials Direct labor 33,040, 098 1,803, 208 212,899 Sales staff commissions 45,608 Depreciation-Machinery 295,098 Supervisory salaries 202,099 Shipping 228,999 Sales staff salaries (fixed annual amount] Administrative salaries 246,098 457,498 Depreciation-office equipment 198,098 Income $152,000 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 1&2. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units 3. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Req and 2 Req 3 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. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18.200
Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,200 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials Direct labor 33,040, 098 1,803, 208 212,899 Sales staff commissions 45,608 Depreciation-Machinery 295,098 Supervisory salaries 202,099 Shipping 228,999 Sales staff salaries (fixed annual amount] Administrative salaries 246,098 457,498 Depreciation-office equipment 198,098 Income $152,000 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 1&2. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units 3. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Req and 2 Req 3 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. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18.200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,200
units.
PHOENIX COMPANY
Fixed Budget
For Year Ended December 31
Sales
Costs
Direct materials
Direct labor
33,040, 098
1,803, 208
212,899
Sales staff commissions
45,608
Depreciation-Machinery
295,098
Supervisory salaries
202,099
Shipping
228,999
Sales staff salaries (fixed annual amount]
Administrative salaries
246,098
457,498
Depreciation-office equipment
198,098
Income
$152,000
Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1
Required:
1&2. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units
3. 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.
Answer is not complete.
Complete this question by entering your answers in the tabs below.
Req and 2
Req 3
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.
PHOENIX COMPANY
Budgeted Income Statement
For Year Ended December 31
Sales (in units)
18.200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb25ce45e-bdf9-46cc-90cf-bd2de2a92b51%2F01685e82-5257-4212-aa5c-6e618854efab%2Fd3y1t8d_processed.png&w=3840&q=75)
Transcribed Image Text:Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,200
units.
PHOENIX COMPANY
Fixed Budget
For Year Ended December 31
Sales
Costs
Direct materials
Direct labor
33,040, 098
1,803, 208
212,899
Sales staff commissions
45,608
Depreciation-Machinery
295,098
Supervisory salaries
202,099
Shipping
228,999
Sales staff salaries (fixed annual amount]
Administrative salaries
246,098
457,498
Depreciation-office equipment
198,098
Income
$152,000
Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1
Required:
1&2. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units
3. 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.
Answer is not complete.
Complete this question by entering your answers in the tabs below.
Req and 2
Req 3
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.
PHOENIX COMPANY
Budgeted Income Statement
For Year Ended December 31
Sales (in units)
18.200
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