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Concord Industries had sales in 2021 of $5,657,600) and grous profit of $915.200. Management is considering two alternative budget plans to increase its gross proht

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Concord Industries had sales in 2021 of $5,657,600) and grous profit of $915.200. Management is considering two alternative budget plans to increase its gross proht in 2022. Plan A would increase the unit selling price from $8.00 to $8.40. Sales volume would decrease by 104.000 units from its 2021 level Plan B would decrease the unit selling price by 50.50. The marketing department expects that the sales volume would increase by 108, 160 units. At the end of 2021. Concord has 33.280 units of inventory on hand. If Plan A is accepted, the 2022 ending inventory should be 29,120 units. If Plan B is accepted, the ending inventory should be equal to 49.920 units Each unit produced will cost 515 in direct labor, $1.3 Indirect materials, and 51.2 in variable overhead. The found overhead for 2022 should be $1.576,640. (a) Prepare a sales budget for 2022 under each plan. (Round Unit selling price answers to 2 decimal ploces es 5270) a CONCORD INDUSTRIES Sales Budget Plan A plan Textheck and Me o fi 19 b) Prepare a production budet for 2022 under each plan CONCORD INDUSTRIES Production Budget Plan A Plan B

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