Lily Industries had sales in 2021 of $5,467,200 and gross profit of $884,400. Management is considering two alternative budget plans to increase its gross profitin 2022 Plan A would increase the unit selling price from $8.00 to $8.40. Sales volume would decrease by 100,500 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 104,520 units At the end of 2021. Lily has 32,160 units of inventory on hand. If Plan A is accepted, the 2022 ending inventory should be 28,140 units. If Plan B is accepted, the ending inventory should be equal to 48.240 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 $1.523,580. (a) Prepare a sales budget for 2022 under each plan (Round Unit selling price answers to 2 decimal places, es, 52.70.) LILY INDUSTRIES Sales Budget For the Year Ending December 31, 2022 Plan A Plan B Expected Unit Sales Unit Selling Price $ Total Sales $ $ epare a production budget for 2022 under each plan CULLUMBER INDUSTRIES Production Budget For the Year Ending December 31, 2022 Plan A Plan B Expected Unit Sales 1254400 Add : Desired Ending Finished Goods Units : Total Materials Reed Les Begini isted Goods Units Required Production Units e Textbook and Media (01) Compute the production cost per unit under each plan (Round answers to 2 decimal places 1.25 Plan Plan B Production cost per unit $ eTextbook and Media Save for Attempts of 5 used (d) Compute the gross profit under each plan Plan A Plan B Gross Profit $