14:34 1 X Online Test Practice DOCX - 27 KB Martin Ltd has three lines of products: Product A, Product B and Product C. Details relating to the next month are as follows: Demand in Unim Selling Price Unit Product A Product Product C 95 150 650 145.00 200.00 132.00 Direct Material: ke Unit 45 6 15.00 412.00 2.50 4 3 Direct Materials Cost per kg (17.50 Direct Labour hours Unit Direct labour is paid 10.50 per hour. The company can only acquire 7,000 kg of materials and has 2,000 labour hours available in a normal working month to meet demand. Fixed costs are 5,500 per month. Required: (a) Identify whether material or labour is the limiting factor The limiting factor is because there is a shortage of (b) Calculate the contribution per limiting factor for each product and rank the products accordingly. Round your answers to two decimal places. Unit Costing Data Direct Material Direct Labour Contribution per Unit Contribution per Limiting Factor Ranking Product A Product B Product C (c) Determine the production plan that will optimise the monthly contribution showing the number of units of each product produced, total contribution and profit for the month. Product A Product B Product C Profit for the month Number of units to be produced Total Contribution