Current Attempt in Progress Blossom Industries had sales in 2021 of $6.986.000 and gross profit of $1 122,000. Management is considering two alternative budget plans to increase its gross proftin 2022 Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 127,500 units 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 13 2.600 units At the end of 2021, Blossom has 43,000 units of inventory on hand. If Plan Ais accepted the 2022 ending inventory should be 39.000 units. If Plan B is accepted the ending inventory should be equal to 70.000 units. Each unit produced will cost $1.50 in direct labor $1.30 in direct materials, and $1.20 in variable overhead. The hxed overhead for 2022 should be $1.984.000. Prepare a sales budget for 2022 under each plan (Round Unit selling price answers to 2 decimal places, eg. 52.700 BLOSSOM INDUSTRIES Sales Budget December 31, 2022 Plan A Plan B Expected Unit Sales Unit Selling Price $ 5 Total Sales V $ 5 e Textbook and Media (b) Prepare a production budget for 2022 under each plan. BLOSSOM INDUSTRIES Production Budget Plan A Plan B e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Anar (c1) Compute the production cost per unit under each plan. (Round answers to 2 decimal places, e.g. 1.25.) Plan A Plan B Production cost per unit $ $ e Textbook and Media Save For Later Attempts: 0 of 5 used Submit Answer (d) Compute the gross profit under each plan Plan A Plan B Gross Profit $ $ Which plan should be accepted? should be accepted! e Textbook and Media Save for Later Attempts. O of 5 used Submit