G2.sales volume 15400 Required informationUse 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 15,40units.SalesCostsDirect materialsDirect laborSales staff commissionsDepreciation MachinerySupervisory salariesIncomeShippingSales staff salaries (fixed annual amount)Administrative salariesDepreciation-office equipmentIncomePHOENIX COMPANYFixed BudgetFor Year Ended December 31Direct materialsDirect laborSales staff commissionsDepreciation MachinerySupervisory salariesProblem 21-2A (Algo) Preparing a flexible budget performance report LO P1Phoenix Company reports the following actual results. Actual sales were 18,400 units.Sales (18,400 units)CostsShippingSales staff salaries (fixed annual amount)Administrative salariesDepreciation-office equipmentDesuden da$ 3,080,0001,001,000246,40061,600300,000202,000246,400251,000426,600191,000$ 154,000$ 3,726,000$1,210,720301,76064,400300,000215,000286,120268,000433,600191,000455,400 For Year Ended December 31Variable costsFixed costsPHOENIX COMPANYFlexible Budget Performance ReportFlexibleBudget (18,400 Actual Results(18,400 units)units)0VariancesFavorable/Unfavorable2

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

G2.

sales volume 15400

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 15,40
units.
Sales
Costs
Direct materials
Direct labor
Sales staff commissions
Depreciation Machinery
Supervisory salaries
Income
Shipping
Sales staff salaries (fixed annual amount)
Administrative salaries
Depreciation-office equipment
Income
PHOENIX COMPANY
Fixed Budget
For Year Ended December 31
Direct materials
Direct labor
Sales staff commissions
Depreciation Machinery
Supervisory salaries
Problem 21-2A (Algo) Preparing a flexible budget performance report LO P1
Phoenix Company reports the following actual results. Actual sales were 18,400 units.
Sales (18,400 units)
Costs
Shipping
Sales staff salaries (fixed annual amount)
Administrative salaries
Depreciation-office equipment
Desuden da
$ 3,080,000
1,001,000
246,400
61,600
300,000
202,000
246,400
251,000
426,600
191,000
$ 154,000
$ 3,726,000
$1,210,720
301,760
64,400
300,000
215,000
286,120
268,000
433,600
191,000
455,400

For Year Ended December 31
Variable costs
Fixed costs
PHOENIX COMPANY
Flexible Budget Performance Report
Flexible
Budget (18,400 Actual Results
(18,400 units)
units)
0
Variances
Favorable/Unfavorable
2

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