CALCULATOR PRINTER VERSION BACK NET Problem 22-03A a-b, c, d (Video) (Part Level Submission) Crane Industries had sales in 2019 of $7,200,000 and gross profit of $1,158,000. Management is considering two alternative budget plans to increase its gross profit in 2020, Man A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2019 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 111,000 units At the end of 2019, Crane has 40.000 units of inventory on hand. If Plan A is accepted, the 2020 ending inventory should be equal to 5% of the 2020 sales. If an is accepted, the ending Inventory should be equal to 68,000 units. Each unit produced will cost $1.50 in direct labor $1.40 in direct materials, and $1.20 in variable overhead. The fixed overhead for 2020 should be $1.507,530. (a) Prepare a sales budget for 2020 under each plan (Round init selling price answers to 2 decimal places. e. 52.70.) CRANE INDUSTRIES Sales Budget For the Year Ending December 312020 Plan A Plan B Expected unitat 7,200,000 Unit Selling Price 3 3 5 5 Attempts of 2 used FOR LATER