Bonita Industries had sales in 2021 of $5,648,000 and gross profit of $1,103,000. Management is considering two alternative budget plans to increase its gross profit in 2022 Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2021 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 100,000 units At the end of 2021. Bonita has 38.000 units of inventory on hand. If Plan A is accepted, the 2022 ending inventory should be equal to 5% of the 2022 sales. If Plan Bis accepted, the ending inventory should be equal to 66,000 units. Each unit produced will cost $1.90 in direct labour. $1.40 in direct materials, and $1.20 in variable overhead. The fixed overhead for 2022 should be $1.880,000. Prepare a sales budget for 2022 under each plan. (Round the selling price per unit to 2 decimal places, es, 15.25.) BONITA INDUSTRIES Sales Budget For the Year Ending December 31, 2022 Plan A Plan B Activate Wine Expected sales in units Unit selling price Total sales $ Question Part Score --/4 Prepare a production budget for 2022 under each plan. BONITA INDUSTRIES Production Budget For the Year Ending December 31, 2022 Plan A Plan B Calculate the production cost per unit under each plan. (Round answers to 2 decimal places, eg. 15.25.) Plan A Plan B Production cost per unit Calculate the gross profit under each plan. (Round per unit calculations to 2 decimal places, es. 15.25 and final answers to decimal places, eg. 125.) BONITA INDUSTRIES Budgeted Gross Profit For the Year Ending December 31, 2022 Plan A Plan B Expected sales Budgeted cost of goods sold Gross profit $ Which plan should be accepted? Actiu should be accepted