Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,200 units Sales Costs 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 Incone 33,040, 098 1,003,200 212,800 45,608 295,008 282,098 228,099 246, 098 457,498 198,098 $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 1 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 Sales Costs 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 Incone 33,040, 098 1,003,200 212,800 45,608 295,008 282,098 228,099 246, 098 457,498 198,098 $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 1 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
Sales
Costs
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
Incone
33,040, 098
1,003,200
212,800
45,608
295,008
282,098
228,099
246, 098
457,498
198,098
$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 1 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%2F77dc1d4a-aa46-4a27-8dcb-5b6bca86d255%2Fd56987de-347d-420e-bc07-7fa74fcaec1a%2F08lh6sh_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
Sales
Costs
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
Incone
33,040, 098
1,003,200
212,800
45,608
295,008
282,098
228,099
246, 098
457,498
198,098
$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 1 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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