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4. A company produces three products, A, B, and C. Each product uses the same direct material. Product A uses 8 pounds of the material,
4. A company produces three products, A, B, and C. Each product uses the same direct material. Product A uses 8 pounds of the material, Product B uses 6 pounds of the material, and Product C uses 12 pounds of the material. The selling price per unit and variable costs per unit are provided in the table below. Product A Product B Product C 20 pts Selling price per unit $ 320 $ 224 $ 420 Variable costs per unit 192 170 288 Required: (1) Compute the contribution margin per pound of material for each product. (2) If the demand is limited, list the three products in the order in which management should produce and meet demand
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