(d) Your answer er is partially correct Compute the gross proft under each plan Plan A Plan B Gross Pront 1036000 1228000 Which plan should be accepted? Plan B should be accepted e Textbook and Media Save for Later Last saved 20 hours ago Attempts: 3 of 5 used Submit Answer Question 2 of 4 5.69/10 E View Policies Show Attempt History Current Attempt in Progress Blossom Industries had sales in 2021 of $5,440,000 and gross profit of $380,000. Management is considering two alternative budget plans to increase its gross profitin 2022 Plan A would increase the selling price per unit from $8.00 to $8.40 Sales volume would decrease by 100,000 units from its 2021 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would Increase by 104,000 units. At the end of 2021, Blossom has 32,000 units of inventory on hand. If Plan Alis accepted the 2022 ending inventory should be 28,000 units. If Plan B is accepted, the ending inventory should be equal to 48,000 units. Each unit produced will cost $1.50 in direct labor $1.30 in direct materials, and $1.20 in variable overhead. The fixed overhead for 2022 should be $1.516,000