Exercise 12-12 Utilization of a Constrained Resource [LO12-5] Benoit Company produces three products, A, B, and C. Data concerning the three products follow (per unit) Product Selling price $105 $ 85 $ 95 Variable expenses Direct materials 31.50 25.50 6.65 Other variable expenses Total variable expenses Contribution margin Contribution margin ratio 31.50 63.00 $42.00 38.25 63.75 $21.25 59.85 66.50 $28.50 WY 25% 30% Demand for the company's products is very strong, with far more orders each month than the company can produce with the available raw materials. The same material is used in each product. The material costs $6 per pound with a maximum of 4,300 pounds availa ble each mont Required a. Compute contribution margin per pound of materials used. (Round your intermediate calculations and final answers to 2 decimal places.) Contribution Margin er Pound Product A ProductB Product C