Hill industries had sales in 2016 of $ 7,600,000 and gross profit of $ 1,199,000 . 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 107,000 units. at the end of 2016, hill has 48,000 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 64,000 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 $ 1,762,000 .hill industries had sales in 2016 of $ 7,600,000 & hill industries had sales in 2016 of $ 7,600,000 & collapse question part(a)prepare a sales budget for 2017 under each plan. (round unit selling price answers to 2 decimal places, e. g. 52.70.)hill industriessales budget december 31, 2017 for the quarter ending december 31, 2017 for the year ending december 31, 2017 plan aplan bexpected unit sales unit selling price $ $ total sales $ $ prepare a production budget for 2014 under each plan. marsh industriesproduction budgetfor the year ending december 31, 2014plan aplan b desired ending finished goods unitsbeginning finished goods unitsrequired production unitsexpected unit salestotal required units addless: total required unitsdesired ending finished goods unitsrequired production unitsexpected unit salesbeginning finished goods units beginning finished goods unitstotal required unitsexpected unit salesrequired production unitsdesired ending finished goods units addless: expected unit salesdesired ending finished goods unitstotal required unitsrequired production unitsbeginning finished goods units expected unit salesbeginning finished goods unitsdesired ending finished goods unitsrequired production unitstotal required unitscompute the production cost per unit under each plan. plan a $plan b $calculate the gross profit for each plan. gross profitplan a $plan b $which plan should be accepted?