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need help with b) Metlock Indus-trig had sales in 2021 of $5.584.000 and gross prot of $1.103.000. Management is considering two alternative budget plans to

need help with b)

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Metlock Indus-trig had sales in 2021 of $5.584.000 and gross prot of $1.103.000. Management is considering two alternative budget plans to increase its gross prot in 2022. Plan Awould increase the selling price per unit from $8.00 to $8.40. Sala volume would decrease lav 10% from i3 2021 level. Plan 8 would decrease the selling price per unit by $0.50. The ma rlcetingdepartment exp-em that the sala volume would increase lav 101,000 units. At the end of 2021, Metlock has 82.000 units of inventory.r on hand. If Plan A is accepted. the 2022 ending inventory should be equal to 556 of the 2022 sala. If Plan 8 is acce pted, the ending inventory should be equal to 61.000 unils. Each unit produced will cost $2.00 in direct labour. $1.40 in direct materials. and $1.20 in variable overhead. The xed overhead for 2022 should he $1,898,001 (a) Your answer is correct. Prepare a sales budget for 2022 under each plan. (Round the selling price per unit to 2 decimal places, e.g. 15.25.) METLOCK INDUSTRIES Sales Budget For the Year Ending December 31, 2022 Plan A Plan B Expected sales in units 628200 799000 Unit selling price $ 8.40 7.50 Total sales 5276880 5992500(b) Prepare a production budget for 2022 under each plan. METLOCK INDUSTRIES Production Budget For the Year Ending December 31, 2022 Plan A Plan B Beginning finished goods Total required units Desired ending finished goods Expected sales in units Required production V(b) Prepare a production budget for 2022 under each plan. METLOCK INDUSTRIES Production Budget For the Year Ending December 31, 2022 Plan A Plan B Add Less v

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