Need help finding the production cost per unit

Question 2 of 4 View Policies Show Attempt History Current Attempt in Progress Flounder Industries had sales in 2016 of $6,960,000 and gross profit of $1.265.000. Management is considering two alternative budget plans to increase its gross profitin 2017 Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2016 level. Plan Bwould decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 119.000 units At the end of 2016. Flounder has 47.000 units of inventory on hand. If Plan A is accepted the 2017 ending inventory should be equal to 5% of the 2017 sales. If Plan Bis accepted the ending inventory should be equal to 66.000 units. Each unit produced will cost $1.80 in direct labor. $140 in direct materials, and $1.20 in variable overhead. The fixed overhead for 2017 should be $1.358,000 (a) Your answer is correct. Prepare a sales budget for 2017 under each plan. (Round Unit selling price answers to 2 decimal places, eg. 52.70.) FLOUNDER INDUSTRIES Sales Budget For the Year Ending December 31, 2017 Plan A Plan B Expected unit sales 783000 989000 Unit selling price $ 8.4 $ 3.5 Total sales $ 6577200 $ 7417500 e Textbook and Media Attempts: 1 of 3 used (b) Your answer is correct. Prepare a production budget for 2017 under each plan. Type here to search a (b) Your answer is correct Prepare a production budget for 2017 under each plan FLOUNDER INDUSTRIES Production Budget For the Year Ending December 31, 2017 Plan A Plan B Expected Unit Sales 788000 989000 Add Desired Ending Finished Goods Units 39150 66000 Total Required Units 822150 1055000 Beginning Finished Goods Units 47000 47000 Required Production Units 775150 1008000 e Textbook and Media Attempts: 1 of 3 used X Your answer is incorrect Compute the production cost per unit under each plan. (Round answers to 2 decimal places, eg 1.25.) Plan A Plan B Production cost per unit $ 2 3 e Textbook and Media Attempts: 1 of 3 used Submit Answer (d) tadinanda Thisha Type here to search 0 PM a