Phoenix Company’s 2019 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...

Phoenix Company’s 2019 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, 2019
Sales				$	3,150,000
Cost of goods sold
Direct materials	$	915,000
Direct labor		240,000
Machinery repairs (variable cost)		45,000
Depreciation—Plant equipment (straight-line)		315,000
Utilities ($60,000 is variable)		210,000
Plant management salaries		210,000			1,935,000
Gross profit					1,215,000
Selling expenses
Packaging		75,000
Shipping		90,000
Sales salary (fixed annual amount)		235,000			400,000
General and administrative expenses
Advertising expense		125,000
Salaries		230,000
Entertainment expense		85,000			440,000
Income from operations				$	375,000

Extracted text: 4. An unfavorable change In business Is remotely possible; in this case, production and sales volume for the year could fall to 12,000 units. How much Income (or loss) from operatlons would occur if sales volume falls to this level? (Enter any loss with mlnus sign.) PHOENIX COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (in units) 15,000 12,000 Contribution margin (per unit) Contribution margin Fixed costs zes Operating income (loss) raw < prev="" of="" 8="" next=""> Type here to search F1 F2 F3 F4 F5 F6 F7 F8 F9 F10 F11 23 & 8. E T Y U A S F G H. C V N M Alt B 2 LO 44 93