Coronado Industries had sales in 2021 of $5,521,600 and gross profit of $893.200. Management is considering two alternative budget plans to increase its gross profit in 2022. Plan A would increase the unit selling price from $8.00 to $8.40. Sales volume would decrease by 101,500 units from its 2021 level. Plan B would decrease the unit selling price by $0.50. The marketing department expects that the sales volume would increase by 105.560 units At the end of 2021, Coronado has 32,480 units of inventory on hand. If Plan A is accepted, the 2022 ending inventory should be 28,420 units. If Plan B is accepted, the ending inventory should be equal to 48.720 units. Each unit produced will cost $1.5 in direct labor, $1.3 in direct materials, and $1.2 in variable overhead. The fixed overhead for 2022 should be $1,538,740. (a) Your answer is correct. Prepare a sales budget for 2022 under each plan. (Round Unit selling price answers to 2 decimal places, e.g. 52.70.) CORONADO INDUSTRIES Sales Budget For the Year Ending December 31, 2022 v Plan A Plan B Expected Unit Sales 588700 795760 Unit Selling Price V 8.40 7.50 Total Sales 4945080 5968200 eTextbook and Media Attempts: 2 of 3 used\fv (d) Compute the gross prot under each plan. Plan A Plan 3 Gross Prot $ $ Which plan should be accepted? I. U 1 should be accepted