A company manufactures three products-A and C The selling price variable costs, and contribution margin for one unit of each product follow Product B $180 S300 240 Selling price Variable expenses Direct materials Other variable expenses Total variable expenses Contribution margin 24 80 100 32 148 180 180 102 126 $ 54 30 % $ 120 $ 60 Contribution margin ratio 40 % 25% The same raw material is used in all three products. The company has only 6.600 pounds of raw material on hand and will not be able to obtain any more of it for several weeks to a strike in its supplier's plant. Management is trying to decide which products) to concentrate on next week in iting its backlog of orders. The material costs $8 per pound A foreign supplier could furnish the company with additional stocks of the raw material at a substantial premium over the usual price. Assuming the company's estimated customer demand is 500 m per product line and that the company has used its 6,600 pounds of raw material in an optimal fashion, what is the highest price the company should be willing to pay for an additional pound of materials Multiple Choice $27