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A Corporation manufactures three products. The corporation has had a shortage in available labor hours. The following per unit data relates to the three products

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A Corporation manufactures three products. The corporation has had a shortage in available labor hours. The following per unit data relates to the three products of the corporation: Product Product Product A B Selling price $30 $80 $ 42 Variable cost $20 $ 40 $20 Labor hours required 1 2 4 Assume that the Corporation only has 3,000 labor hours available next month. Also assume that the Corporation can only sell 900 units of each product in a given month Required 1: If the Corporation wants to meet all of the required demands for all products, what is the total labor hours needed? Required 2: What is the maximum amount of contribution margin that the Corporation can generate next month given this labor hour shortage showing how many units the Corporation has to produce from each product

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