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Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units. Sales Costs Direct materials Direct labor 223 Sales staff commissions Depreciation Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation Office equipment Income Req 1 and 2 PHOENIX COMPANY Fixed Budget For Year Ended December 31 Required: 1&2. Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold. Sales Variable costs Complete this question by entering your answers in the tabs below. Req 3 Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Direct materials Direct labor Sales staff commissions Depreciation Machinery Supervisory salaries Gross profit Fored costs $ 3, 234, 608 1,081, 808 231, 608 61, 608 385, 608 198, 608 231, 808 255, 008 595,708 194,608 $ 161,708 0.00 Variable Amount Total Fixed per Unit Cost Flexible Budget for: Units Sales Unit Sales of of 14,400 16,400 D ol

Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units. Sales Costs Direct materials Direct labor 223 Sales staff commissions Depreciation Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation Office equipment Income Req 1 and 2 PHOENIX COMPANY Fixed Budget For Year Ended December 31 Required: 1&2. Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold. Sales Variable costs Complete this question by entering your answers in the tabs below. Req 3 Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Direct materials Direct labor Sales staff commissions Depreciation Machinery Supervisory salaries Gross profit Fored costs $ 3, 234, 608 1,081, 808 231, 608 61, 608 385, 608 198, 608 231, 808 255, 008 595,708 194,608 $ 161,708 0.00 Variable Amount Total Fixed per Unit Cost Flexible Budget for: Units Sales Unit Sales of of 14,400 16,400 D ol

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter22: Budgeting
Section: Chapter Questions
Problem 2PA: Sales, production, direct materials purchases, and direct labor cost budgets The budget director of...
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Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units. Sales Costs Direct materials Direct labor Sales staff commissions Dans Depreciation Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation Office equipment Incant PHOENIX COMPANY Fixed Budget For Year Ended December 31 Required: 1&2. Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold. Req 1 and 2 Complete this question by entering your answers in the tabs below. Req 3 Sales Variable costs Direct materials Direct labor Sales staff commissions Depreciation Machinery Supervisory salaries Gross profit Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. PHOENIX COMPANY Flexible Budgets Fixed costs $ 3, 234, 608 1,081, 008 231, 808 61, 608 385, 008 198, 808 231, 808 255, 808 595, 708 194, 808 $ 161, 708 For Year Ended December 31 Flexible Budget Variable Amount Total Fixed per Unit Cost 0.00 $ Flexible Budget for: Units Sales Unit Sales of of 14,400 16,400 0 $ D D$ D D
Transcribed Image Text:Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units. Sales Costs Direct materials Direct labor Sales staff commissions Dans Depreciation Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation Office equipment Incant PHOENIX COMPANY Fixed Budget For Year Ended December 31 Required: 1&2. Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold. Req 1 and 2 Complete this question by entering your answers in the tabs below. Req 3 Sales Variable costs Direct materials Direct labor Sales staff commissions Depreciation Machinery Supervisory salaries Gross profit Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. PHOENIX COMPANY Flexible Budgets Fixed costs $ 3, 234, 608 1,081, 008 231, 808 61, 608 385, 008 198, 808 231, 808 255, 808 595, 708 194, 808 $ 161, 708 For Year Ended December 31 Flexible Budget Variable Amount Total Fixed per Unit Cost 0.00 $ Flexible Budget for: Units Sales Unit Sales of of 14,400 16,400 0 $ D D$ D D
Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) S 18,400 0
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) S 18,400 0
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