JUJU Ceorge Mason University HER JRCES 101: 4 RACE CALCULATOR PUNTER VERSION Question 1 Hill Industries had sales in 2019 of $7,600,000 and gross profit of $1.199,000. Management is considering two alternative budget plans to increase its gross profit in 2020 Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2019 level. Man B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 107,000 units. At the end of 2019, Hill has 48,000 units of inventory on hand. If Plan A is accepted, the 2020 ending Inventory should be equal to 5% of the 2020 sales. If Plan B is accepted, the ending inventory should be equal to 64,000 units. Each unit produced will cost $1.30 in direct labor, $1.40 in direct materials, and $1.20 in variable overhead. The fixed overhead for 2020 should be $1,767,480. Study Prepare a sales budget for 2020 under each plan. (Round Unit selling price answers to 2 decimal places, e.g. 52.70.) HILL INDUSTRIES Sales Budget Plan A Plan Prepare a production budget for 2020 under each plan HILL INDUSTRIES Production Budget 93 10/200 919 8 here to search CYPLUS Hide System Announcements Aling lor Decision Making Custom Wiley PLUS Course ised Fall 2020 for George Mason University GNMENT RESOURCES me Assignment On: 2020 CREATOR uestion 2 Prepare a production budget for 2020 under each plan. HILL INDUSTRIES Production Badget w Score w Results by Study plan Plan Compute the production cost per unit under each plan. (Round answers to decimal places 1.25.) Plan A Plan B Production cost per unit $ $ Compute the gross profit under each plan. plan SPM RE Type here to search o so very ment 01 by Study 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 $ $ Compute the gross profit under each plan. Plan Plan B Gross Profit $ which plan should be accepted? should be accepted. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ARMER 919 3:16 PM 1/2 D 5 e here to search