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please help Lily industries had sales in 2021 of 55,644,000 and gross profit of $913,000. Management is considering two alternative budget plans toincrease its gross

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Lily industries had sales in 2021 of 55,644,000 and gross profit of $913,000. Management is considering two alternative budget plans toincrease its gross proft in 2022. Plan A would increase the unit selling price from $8.00 to $8.40. 5 ales volume would decrease by 103.750 units from its 2021 level. Plan B would decrease the unit selling price by 50.50. The marketing department expects that the sales volume would increase by 107,900 units. At the end of 2021, Lily has 33,200 units of inventory on hand. If Plan A is accepted, the 2022 ending inventory should be 29,050 units. If Plan B is accepted, the ending inventory should be equal to 49,800 units. Each unit produced will cost $1.5 in direct labor, $1.3 in direct materiak, and $1.2 in variable overhead. The fixed overhead for 2022 should be $1,572.850 (a) Prepare a sales budget for 2022 under each plan. (Round Unt selling orice answers to 2 decimal places, es. 52.70 ). Prepare a production budget for 2022 under each plan. eTextbook and Media Attempts: 0 (c1) Compute the productien cost per unit under each plan. (Round answers to 2 decimal places, es 1.25) Compute the production cost per unit under each pian. (Asund arowers to 2 decind placs, 6.1.28 ) eTextbook and Media (d) Compute the gross proht under esch plan (Alound anowers to 0 decinul ploces e.5. 125)

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