c. Fixed manufacturing costs total $590,000 per year. Variable overhead costs are $2 per direct labor-hour. d. All of the company's nonmanufacturing costs are fixed. e. The company's finished goods inventory is negligible and can be ignored. Required: 1. How many direct labor hours are used to manufacture one unit of each of the company's five products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's five products? 3. What is the contribution margin per direct labor-hour for each of the company's five products? 4. Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution margin the company can earn if it makes optimal use of its constrained resource? 5. Assuming that the company has made optimal use of its 139,950 direct labor-hours, what is the highest direct labor rate p that Walton Toy Company would be willing to pay for additional capacity (that is, for added direct labor time)? Complete this question by entering your answers in the tabs below. How much variable overhead cost is incurred to manufacture one unit of each of the company's five products? (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. What is the contribution margin per direct labor-hour for each of the company's five products? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution margin that the company can earn If it makes optimal use of It's constrained resource? (Do not round Intermediate calculations. Round your final answer to a whole dollar amount.) Assuming that the company has made optimal use of its 139,950 direct labor-hours, what is the highest direct labor rate per hour that Waiton Toy Company would be willing to pay for additional capacity (that is, for added direct labor time)? (Do not round intermediate calculations. Round your answers to 2 decimal places.)