Coviello Corporation would like to determine the relative profitability of the company's products for purposes of making volume trade-off decisions. For example, the selling price of product C98I is $372, its unit variable cost is $262.50, and its unit contribution margin is $109.50. One unit of the product requires 15 minutes of the constrained resource. Monthly sales are 4,440 units. What is the profitability index for product C98I?

0.29

$24.80 per minute

$486,180

$7.30 per minute