Please help me solve this step with explanation.

Blue Industries had sales in 2016 of $7,120,000 and gross profit of $1,274,000. Management is considering two alternative budget plans to increase its gross profit in 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 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 2016, Blue has 46,000 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 B is accepted, the ending inventory should be equal to 67,000 units. Each unit produced will cost $1.80 in direct labor, $1.40 in direct materials, and $1.20 in variable overhead. The fixed overhead for 2017 should be $1,947,000.V Your answer is correct. Prepare a sales budget for 2017 under each plan. (Round Unit selling price answers to 2 decimal places, e.g. 52.70.) BLUE INDUSTRIES Sales Budget For the Year Ending December 31, 2017 Plan A Plan B Expected unit sales 801000 994000 Unit selling price LA 8.40 LA 7.50 Total sales 6728400 7455000 eTextbook and Media Attempts: 2 of 3 usedYour answer is correct. Prepare a production budget for 2017 under each plan. BLUE INDUSTRIES Production Budget For the Year Ending December 31, 2017 Plan A Plan B Expected Unit Sales 801000 994000 Add Desired Ending Finished Goods Units 40050 67000 Total Required Units 841050 1061000 Less Beginning Finished Goods Units 46000 46000 Required Production Units 795050 1015000 eTextbook and Media Attempts: 2 of 3 used(c) Your answer is incorrect. Compute the production cost per unit under each plan. (Round answers to 2 decimal places, e.g. 1.25.) Plan A Plan B Production cost per unit $ eTextbook and Media