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Prepare flexible budgets for the company at sales volumes

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Question - Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units.

PHOENIX COMPANY Fixed Budget Report - For Year Ended December 31, 2017Sales $3,150,000Cost of goods sold Direct materials$975,000 Direct labor 210,000 Machinery repairs (variable cost) 45,000 Depreciation-Plant equipment (straight-line) 315,000 Utilities ($30,000 is variable) 180,000 Plant management salaries 190,000 1,915,000Gross profit 1,235,000Selling expenses Packaging 75,000 Shipping 105,000 Sales salary (fixed annual amount) 235,000 415,000General and administrative expenses Advertising expense 125,000 Salaries 230,000 Entertainment expense 90,000 445,000Income from operations $375,000.

Required: Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed.

Reference no: EM132350864

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