26. Shelby Company produces three products: product X, product Y, and product Z. Data concerning the three products follow (per unit) Selling price $80 $56 $70 Variable expenses Direct materials 24 15 Labor and overhead Total variable expenses Contribution margin Contribution margin ratio 24 48 $32 27 42 $14 40 49 $21 40% 25% 30% Demand for the company's products is very strong, with far more orders each month than the company can produce with the available raw materials. The same material is used in each product. The material costs $3 per pound, with a maximum of 5,000 pounds available each month Required: a Compute contribution margin per pound of materials used. (Enter all numbers in the table to 2 decimal places.) Product X ProductY Product z Direct materials required per unit Cost per pound Pounds required per unit Contribution margin per unit Contribution margin per pound of materials used b. Rank the order in which you would accept the product ordens Product X Product Y Product Z