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Bridgeport Industries had sales in 2016 of $7,200,000 and gross profit of $1.213,000. 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 102,000 units. At the end of 2016, Bridgeport has 45,000 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 B is accepted, the ending inventory should be equal to 62 000 units. Each unit produced will cost $1.80 in direct labor, $1.40 in direct materials, and $1.20 in variable overhead. The fixed overhead for 2017 should be $1,370.000. (a) Your answer is correct. Prepare a sales budget for 2017 under each plan. (Round Unit selling price answers to 2 decimal places. e.g. 52.70.J BRIDGEPORT INDUSTRIES Sales Budget For the Year Ending December 31, 2017 Plan A Plan B Expected unit sales 810000 1002000 Unit selling price B.40 7.50 Total sales 6804000 $ 7515000 eTextbook and Media Solution Attempts: 3 of 3 used(b) - Your answer is partially correct. Prepare a production budget for 2017 under each plan. BRIDGEPORT INDUSTRIES Production Budget For the Year Ending December 31, 2017 Plan A Expected Unit Sales 810000 Add # Desired Ending Finished Goods Units : 62000 Total Required Units 872000 Less # Beginning Finished Goods Units 45,000 Required Production Units 827000 eTextbook and Media Solution Attempts: 3 of 3 used (c) 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 $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit