Classic Problems Problem 8.1: Outland 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 Oatmeal Chip Sugar Raisin Sales price $130 $125 $120 Variable cost $81 $86 $78 Fixed cost 18 15 20 Pounds of flour 2.5 2.5 2 Sales mix 40% 25% 35% Required: Based upon market research, Outland's CEO believes the company can sell a total 40,000 batches of cookies. The company's flour supplier, however, will only be able to provide 50,000 pounds of flour. How many batches of each type of cookie should the company bake? Compute the company's TOTAL contribution margin