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Phoenlx Company's 2015 master budget included the following fixed budget report. It is based on...

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Accounting

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Phoenlx Company's 2015 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, 2015 Sales Cost of goods sold $3,000,000 Direct materials Direct labor Machinery repairs (variable cost) Depreclation-plant equipment (straight-ine) 300,000 Utlities ($45,000 Is varlable Plant management salaries $ 975,000 225,000 60,000 195,000 200,000 1,955,000 Gross profit Selling expenses 045,000 Packaging Shipping Sales salary (fixed annual amount) 75,000 105,000 250,000 430,000 General and administrative expenses Advertising expense Salaries Entertainment expense 25,000 241,000 0,000 456000 159,000 Income from operations

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