Vaughin industries had sales in 2021 of $7,480,000 and gross profit of $1,210,000. Management is considering two alternative budget plans to increase its gross profit in 2022. Plan A would increase the unit selling price from $8 to $8,4, Sales volume would decrease by 138,000 units from its 2021 ievel. Plan B would decrease the unit selling price by $1. The marketing department expects that the sales volume would increase by 143,000 units. At the end of 2021. Vaughn has 44,000 units of Inventory on hand. If Ptan A Is sccepted, the 2022 ending inventomy should be 39 con units. Ir Plan B is accepted, the ending inventory should be equal to 66,000 units. Each unit produced wili cost $1.50 in dirsct iabor. $1.30 in direct materials, and $1.20 in variable overhead. The foxed overhead for 2022 should be $2,059.200. Prcoare a production budget for 2022 under each plan Compute the production cost per unit under each plan. (Round answers to 2 decimal places, es. 1.25.) eTextbook and Media Attempts: Compute the gross profit under each plan