Exercise 11-5 (Algo) Volume Trade-Off Decisions [LO11-5] Outdoor Luggage, incorporated, makes highend hardsided luggage for sports equipment Data concerning three of the company's most popular models appear below: Required: 1. If we assume that the total time avaliable on the plastic injection molding machane is the constraint in the production process, how much contribution margin per minute of the constrairied resource is earned by each product? 2. Which product offers the most profitable use of the plastic injection molding machine? 3. If we assume that a severe shortage of plastic pellets has required the company to cut back its production so much that its new constraint has become the total avalable pounds of plastic pellets, how much contribution margin per pound of the constrained resource is earned by each product? 4 Which product offers the most profitable use of the plastic pellets? 5 Which product has the largest contribution margin per unit? Complete this question by entering your answers in the tabs below. If we assume that the total time availabie on the plastic injection molding machine is the constraint in the production process, how much contribution margin per minu the constrained resource is oarned by each product? (Round your final answers to 2 decimal places.)