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Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. PHOENIX CONPANY rixed Budget Report For Year Ended Decenber 31, 2019 $3,300,000 Sales Cont of gooda sold Direet materials Direct labor Machinery repaire (variable cost) Depreciatioh-Plant equipnent (etraight-line) Urilities (45,000 is variable) Plant managenent alaries Gross profit Selling expenees Packaging Shipping Sales salary (tixed annual anount) Ceneral and adninistrative expenses Advertising expenae Salaries $915,000 225,000 60,000 315,000 180,000 200,000 1,895,000 1,405,000 90,000 90,000 235,000 415,000 150,000 241,000 90,000 481,000 Entertainnent expense Incone from operationa $509.000

Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. PHOENIX CONPANY rixed Budget Report For Year Ended Decenber 31, 2019 $3,300,000 Sales Cont of gooda sold Direet materials Direct labor Machinery repaire (variable cost) Depreciatioh-Plant equipnent (etraight-line) Urilities (45,000 is variable) Plant managenent alaries Gross profit Selling expenees Packaging Shipping Sales salary (tixed annual anount) Ceneral and adninistrative expenses Advertising expenae Salaries $915,000 225,000 60,000 315,000 180,000 200,000 1,895,000 1,405,000 90,000 90,000 235,000 415,000 150,000 241,000 90,000 481,000 Entertainnent expense Incone from operationa $509.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required: 182. Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed. PHOENIX COMPANY Flexible Budgets For Year Ended December 31, 2019 Flexible Budget Flexible Budget for: Variable Amount Total Fixed Cost Units Sales Unit Sales of of 14,000 per Unit 16,000 Variable costs 0.00 Fixed costs Nevt
Transcribed Image Text:Required: 182. Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed. PHOENIX COMPANY Flexible Budgets For Year Ended December 31, 2019 Flexible Budget Flexible Budget for: Variable Amount Total Fixed Cost Units Sales Unit Sales of of 14,000 per Unit 16,000 Variable costs 0.00 Fixed costs Nevt
Required information (The following information applies to the questions displayed below.) Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. PHOENIX COKPANY Fixed Budget Report For Year Ended December 31, 2019 Sales $3, 300,000 Cost of goods sold $915,000 225,000 60,000 315,000 180,000 200,000 Direct naterials Direct labot Nachinery repaire (variable cost) Depreciation-Plant equipnent (straight-1ine) Utilitien (S45,000 is variable) Plant managenent alaries Gross profit Selling expeneen Packaging Shipping Sales salary (tixed annual anount) General and adninintrative expenses Advertising expense Salaries Entertainnent expense I,895,000 1,405,000 90,000 90,000 235,000 415,000 150,000 241,000 90,000 481,000 $ 509,000 Incone from operationa
Transcribed Image Text:Required information (The following information applies to the questions displayed below.) Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. PHOENIX COKPANY Fixed Budget Report For Year Ended December 31, 2019 Sales $3, 300,000 Cost of goods sold $915,000 225,000 60,000 315,000 180,000 200,000 Direct naterials Direct labot Nachinery repaire (variable cost) Depreciation-Plant equipnent (straight-1ine) Utilitien (S45,000 is variable) Plant managenent alaries Gross profit Selling expeneen Packaging Shipping Sales salary (tixed annual anount) General and adninintrative expenses Advertising expense Salaries Entertainnent expense I,895,000 1,405,000 90,000 90,000 235,000 415,000 150,000 241,000 90,000 481,000 $ 509,000 Incone from operationa
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