(b) Prepare a production budget for 2017 upder each plan. RIVERBED INDUSTRIES Production Budget Plan A Plan B VIDEO: SIMILAR PROBLEM LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by SURVEY OF ACCTG ACC-24 Assignment Gradebook ORION Downloadable eTextbook ent CALCULATOR FULL SCREEN PRINTER VERSION RACE Problem 13-3 (Part Level Submission) Riverbed Industries had sales in 2016 of $7,440,000 and gross profit of $1,113,000. Management is considering two alternative budget plans to increase its gross profit in 2017 Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2016 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 109,000 units. At the end of 2016, Riverbed has 44,000 units of inventory on hand. If Plan A is accepted, the 2017 ending inventory should be equal to 5% of the 2017 sales. If plan is accepted, the ending Inventory should be equal to 60,000 units. Each unit produced will cost $1.80 in direct labor, $1.40 in direct materials, and $1.20 in variable overhead. The fed overhead for 2017 should be $1,021,000 (a) Your answer is correct. 2 decimal places, 52.70.) Prepare a sales budget for 2017 under each plan. (Round Unit selling price answers RIVERSED INDUSTRIES Sales Budget For the Year Ending December 31, 2017 Plan B 1.039.00 Expected unit sales 37,000 Unit selling price 7,030,800 7,792,500 Total sales t re A Dif e Privacy Policy I 2000-2018. We Sons, Inc. Al