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

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter9: Profit Planning And Flexible Budgets

Section: Chapter Questions

Problem 48BEB: Performance Report Based on Budgeted and Actual Levels of Production Balboa Company budgeted...

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