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Hill Industries had sales in 2019 of $6,960,000 and gross profit of $1,265,000. Management is considering two alternative budget plans to increase its gross profit in 2020.
Problem 1: Prepare a sales budget for 2020 under each plan. (round unit selling price answers to two decimal places)
Problem 2: Prepare a production budget for 2020 under each plan.
Problem 3: Compute the production cost per unit under each plan. (round answers to two decimal places)
Problem 4: Compute the gross profit under each plan.
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