ACC-650 TOPIC 5 Assignment Question 6 of 11 < > View Policies Current Attempt in Progress -/4 In response to a growing awareness of gluten allergies, Sheridan Bakery tried using gluten-free flour in its three most popular cookies. After several attempts and a lot of inedible cookies, the company perfected new recipes that yield delicious gluten-free cookies. The costs of producing a batch of 100 cookies are as follows: Chocolate Chip Sugar Oatmeal Raisin Sales price $130 $116 $121 Variable cost $82 $75 $75 Fixed cost 17 19 Total cost 99 89 94 Gross profit $31 $27 $27 Pounds of flour 2.5 25 (a) Assuming no raw material constraints and unlimited demand for cookies, calculate contribution margin per batch for Chocolate Chip, Sugar, Oatmeal Raisin cookies. (Round answers to 2 decimal places, e.g. 52.75.) Cookies Contribution Margin $ Chocolate Chip $ Sugar $ Oatmeal Raisin What type of cookie would maximize the company's contribution margin? (b) (c) eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Assume that, based on typical customer demand, Sheridan will sell 11,400 batches of chocolate chip cookies, 7,400 batches of sugar cookies, and 9,400 batches of oatmeal raisin cookies. What will the company's contribution margin be? The company's contribution margin eTextbook and Medla Save for Later Attempts: 0 of 3 used Submit Answer Sheridan's flour supplier has announced a shortage of gluten-free flour. As a result, Sheridan will only be able to purchase 47,300 pounds of flour.