E7-15 (Algo) Making Decisions Involving Constrained Resource [LO 7-2, 7-7] Cordova manufactures three types of stained glass windows, cleverly named Products A, B, and C. Information about these products follows: Sales price Variable costs per unit Fixed costs per unit Product A $47.00 Product B $57.00 Product C $100.00 22.70 9.00 23.40 9.00 38.70 9.00 1.50 2.50 3.00 Cordova currently is limited to 60,000 labor hours per month. Required number of labor hours Required: 1-a. Assuming an infinite demand for each of Cordova's products, determine contribution margin per direct labor hour for each product. 1-b. Which product would be Cordova's first choice to produce? Required 1A Required 18 Assuming an infinite demand for each of Cordova's products, determine contribution margin per direct labor hour for each product. Note: Round your answers to 2 decimal places. Product A Product B Product C Contribution Margin CM per labor hour CM per labor hour CM per labor hour Required 1A Required 1B >