Lily Industries had sales in 2024 of $7,868,000 and gross profit of $1,276,000. Management is...

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Accounting

Lily Industries had sales in 2024 of $7,868,000 and gross profit of $1,276,000. Management is consider ing two alternative budget plans to inurease its gross profit in 2025.
$1.20 in variable overhead. The foxed overhead for 2025 should be $2,171,520.
(a)
Your answer is correct.
Prepare a sales budget for 2025 under each plan. (Round Unit selling price answers to 2 decimal places, es,52.70.)
Prepare a production budget for 2025 under each plan.
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