Kimmel, Accounting, Ge Help I System Announcements CALCULATOR PRINTER VERSIONBACK NEXT Problem 21-3A (Part Level Submission) Hill 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, Hill 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 waill cost $1.80 in direct labor, $1.40 in direct materials, and $1.20 in variable overhead. The fioxed 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, 2.70) Sales Budget For the Plan A Plan B -10000] Expected unit sales 1002000 Unit selling price Total sales Click if you would like to Show Work for this questions Open Show Work Nail CourseDe Major Re Wile, Ed 80% a Search Kimmel, Accounting, 6e cuauATOR PRINTER VERSON 4BACK | (b) Prepare a production budget for 2017 under each plan. HILL INDUSTRIES Production Budget Plan A Plan B Click if you would like to Show Work for this question: Qpen Show Work VIDEO: SIMILAR PROBLEM SAVS FOR LATER Attemptsi 0 of 3 used This part will be available when you complete the part above The parts of this question must be completed in order. of this question must be completed in order This part will be available when you complete the part above