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 Sales Costs Direct materials Direct labor Salas staff commissions Depreciation Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) PHOENIX COMPANY Fixed Budget For Year Ended December 31 Administrative salaries Depreciation Office equipment Incore $ 3,152,800 580.000 241,200 76,80€ 295,888 196,000 243,200 249,000 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Reg 1 and 2 Required: 182. Prepare flexible budgets at sales volumes of 14,200 and 15,200 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. Reg 3 545,000 197,00 $ 159,600 Complete this question by entering your answers in the tabs below. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. Complete this question by entering your answers in the tabs below. Req 1 and 2 Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed Cost per Unit Variable costs Raq 3 Fixed costs < Req 1 and 2 Flexible Budget for: Units Sales Unit Sales of of 14,200 16,200 Req 3 >
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 Sales Costs Direct materials Direct labor Salas staff commissions Depreciation Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) PHOENIX COMPANY Fixed Budget For Year Ended December 31 Administrative salaries Depreciation Office equipment Incore $ 3,152,800 580.000 241,200 76,80€ 295,888 196,000 243,200 249,000 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Reg 1 and 2 Required: 182. Prepare flexible budgets at sales volumes of 14,200 and 15,200 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. Reg 3 545,000 197,00 $ 159,600 Complete this question by entering your answers in the tabs below. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. Complete this question by entering your answers in the tabs below. Req 1 and 2 Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed Cost per Unit Variable costs Raq 3 Fixed costs < Req 1 and 2 Flexible Budget for: Units Sales Unit Sales of of 14,200 16,200 Req 3 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Concept explainers
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Question
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Transcribed Image Text: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
Sales
Costs
Direct materials
Direct labor
Sales staff commissions
Depreciation Machinery
Supervisory salaries
Shipping
Salas staff salaries (fixed annual amount)
Administrative salariés
Depreciation Office equipment
Incente
PHOENIX COMPANY
Fixed Budget
For Year Ended December 31
$3,192.ee
588.886
243,200
76,000
295,888
156.000
Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1
Req 1 and 2
Required:
1&2. Prepare flexible budgets at sales volumes of 14,200 and 15,200 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.
Req 3
243,200
249,000
545,00€
197,000
$ 159,600
Complete this question by entering your answers in the tabs below.
Prepare flexible budgets at sales volumes of 14,200 and 16,200 units.
Complete this question by entering your answers in the tabs below.
Req 1 and 2
Prepare flexible budgets at sales volumes of 14,200 and 16,200 units.
PHOENIX COMPANY
Flexible Budgets
Variable costs
Raq 3
Fixed costs
For Year Ended December 31
Flexible Budget
Variable Amount Total Fixed
Cost
per Unit
< Req 1 and 2
Flexible Budget for:
Units Sales Unit Sales of
of 14,200 16,200
Req 3 >
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