Name ACCT 232 - Ch 23 Budgets 1. "Problem 9.3 Hill Industries had sales in 2016 of 55,800,000 with units selling for 58/each. Management is considering two alternative budget plans to increase its sales in 2017. Plan A would increase the selling price per unit to $8.40. With this increased selling price, management believes Expected units sales will drop by 10% compared to its 2016 level. Plan 3 would decrease the selling price to $7.50. The marketing department believes the expected unit sales will increase by 100.000 units over last year's units sold (a) Prepare a sales budget for 2017 under each plan. HILL INDUSTRIES Sales Budget For the Year Ending December 31, 2017 pian A plan Expected unit sales Unit selling price a Total sales (b) Based on your calculations above, was management correct that both plans would have sales greater than 2016 sales? Yes or No Explain: (C) Which plan should management choose? Plan 2. Exercise 9-19