Problem 24-03A a-b, c1,d (Video) Hill Industries had sales in 2019 of $7,120,000 and gross profit of $1,121,000. Management is considering two alternative budget plans to increase its gross profit in 2020. Plan A would increase the seling price per unit from8.00 to $8.40. Sales volume would decrease by 0% fr its 2019 e el Plan B would decrease t e se ing price per unit by a . The marketing department e se atthe sales volume would increase by 120,000 units. At the end of 2019, Hill has 4 000 units t inventory on hand f Plan A s accepted, the 2020 ending entory s ud be equal t 5% of he 2020 sa es. an B sacco to the ending to should be agua o s o units. Each unit produced will cost1.80 in direct labor, 51.40 in direct materials, and1.20 in variable overhead. The fixed overhead for 2020 should be s 1,110,270. Prepare a sales budget for 2020 under each plan. (Round Unit selling price answers to 2 decimal places, e.g. 52.70.) HILL INDUSTRIES Sales Budget Plan A Plan B LINK TO TEXT Prepare a production budget for 2020 under each plan HILL INDUSTRIES Production Budget Plan A Plan B LINK TO TEXT Compute the production cost per unit under each plan. (Round answers to 2 decimal places, e.g. 1.25.) Plan A Plan B Production cost pe Compute the gross profit under each plan Plan A Plan B Gross Profit Which plan should be accepted? should be accepted. LINK TO TEXT VIDEO: SIMIAR PROBLEM Problem 24-03A a-b, c1,d (Video) Hill Industries had sales in 2019 of $7,120,000 and gross profit of $1,121,000. Management is considering two alternative budget plans to increase its gross profit in 2020. Plan A would increase the seling price per unit from8.00 to $8.40. Sales volume would decrease by 0% fr its 2019 e el Plan B would decrease t e se ing price per unit by a . The marketing department e se atthe sales volume would increase by 120,000 units. At the end of 2019, Hill has 4 000 units t inventory on hand f Plan A s accepted, the 2020 ending entory s ud be equal t 5% of he 2020 sa es. an B sacco to the ending to should be agua o s o units. Each unit produced will cost1.80 in direct labor, 51.40 in direct materials, and1.20 in variable overhead. The fixed overhead for 2020 should be s 1,110,270. Prepare a sales budget for 2020 under each plan. (Round Unit selling price answers to 2 decimal places, e.g. 52.70.) HILL INDUSTRIES Sales Budget Plan A Plan B LINK TO TEXT Prepare a production budget for 2020 under each plan HILL INDUSTRIES Production Budget Plan A Plan B LINK TO TEXT Compute the production cost per unit under each plan. (Round answers to 2 decimal places, e.g. 1.25.) Plan A Plan B Production cost pe Compute the gross profit under each plan Plan A Plan B Gross Profit Which plan should be accepted? should be accepted. LINK TO TEXT VIDEO: SIMIAR