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 PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income $ 3,192,000 1,003,200 228,000 45,600 300,000 202,000 212,800 248,000 599,800 193,000 $ 159,600 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. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 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 per Unit Cost Variable costs Fixed costs Reg 1 and 2 Flexible Budget for: Units Sales Unit Sales of of 14,200 16,200 0.00 0 $ $ 0 $ 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 PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income $ 3,192,000 1,003,200 228,000 45,600 300,000 202,000 212,800 248,000 599,800 193,000 $ 159,600 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. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 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 per Unit Cost Variable costs Fixed costs Reg 1 and 2 Flexible Budget for: Units Sales Unit Sales of of 14,200 16,200 0.00 0 $ $ 0 $ Req 3 >
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter22: Budgeting
Section: Chapter Questions
Problem 6PB: Budgeted income statement and balance sheet As a preliminary to requesting budget estimates of...
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Question
please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
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
PHOENIX COMPANY
Fixed Budget
For Year Ended December 31
Sales staff commissions
Depreciation-Machinery
Supervisory salaries
Shipping
Sales staff salaries (fixed annual amount)
Administrative salaries
Depreciation-office equipment
Income
$ 3,192,000
1,003,200
228,000
45,600
300,000
202,000
212,800
248,000
599,800
193,000
$ 159,600
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.
Complete this question by entering your answers in the tabs below.
Req 1 and 2
Req 3
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
per Unit
Cost
Variable costs
Fixed costs
Reg 1 and 2
Flexible Budget for:
Units Sales Unit Sales of
of 14,200
16,200
0.00
0
$
$
0 $
Req 3 >
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