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Oriole Industries tad sales in 2021 of $7,480.000 and gross profit of $1,210,000. Management is considering two alternative budget plans to increase its ross profit

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Oriole Industries tad sales in 2021 of $7,480.000 and gross profit of $1,210,000. Management is considering two alternative budget plans to increase its ross profit in 2022. Plan A would increase the selling price per unit from $8.00 to $8.40.5 sles volume would decrease by 137,500 units from its 2021 levet. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 143,000 units. At the end of 2021. Oriole has 47,000 units of inventory on hand, If Plan A is accepted, the 2022 ending inventory should be 43.000 units. If Plan 8 is accepted, the ending irventory should be equal to 78,000 units. Each unit produced will cost $1.50 in direct labor. $1.30 in direct materiab, and $1.20 in variable overhead. The fixed overhead for 2022 thould be $2.066,000. (a) Prepare a sales budset for 2022 under each plan. (Round Unit selling price answers to 2 decimal places, es. 52.70. Prepare a sales budget for 2022 under each plan, (Round Unit selling price answers to 2 decimal places, e.g. 52.70. ) Prepare a production budget for 2022 under each plan. Compute the production cost per unit under each plan. (Round answers to 2 decimal places, e.3. 1.25.) Compute the gross profit under each plan

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