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

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter4: Financial Planning And Forecasting

Section: Chapter Questions

Problem 4P

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