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Colonial Heritage makes reproduction colonial furniture from select hardwoods. Chairs Selling Price per unit is $ 8 0 Variable cost per unit is $ 3

Colonial Heritage makes reproduction colonial furniture from select hardwoods.
Chairs
Selling Price per unit is $80
Variable cost per unit is $30
Board feet per unit is 2
Monthly demand is 600
Tables
Selling price per unit is $400
Variable cost per unit is $200
Board feet per unit is 10
Monthly demand is 100
Assume the company follows the pan we proposed, up to how much should Colonial be wiling to pay above the usual price to obtain more hardwood? a. $40 per board foot, b. $25 per board foot and c. $20 per board foot. Please give me the step by step solution

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