Exercise 8-15 In response to a growing awareness of gluten allergies, Outland Bakery tried using gluten-free flour in its three most popular cookies. After several attempts and a lot of inedible cookies, the company perfected new recipes that yield delicious gluten-free cookies. The costs of producing a batch of 100 cookies are as follows: Chocolate Chip $130.00 $81 Sugar $125.00 $86 Oatmeal Raisin $120.00 $78 Sales price Variable cost Fixed cost Total cost Gross profit Pounds of flour 99.00 101.00 98.00 $24.00 $22.00 $31.00 2.5 2.5 Your answer is correct. Assuming no raw material constraints and unlimited demand for cookies, calculate contribution margin per batch for Chocolate Chip, Sugar, Oatmeal Raisin cookies. (Round answers to 2 decimal places, e.g. 52.75.) Cookies Contribution Margin 49 Chocolate Chips C 39 Sugar Oatmeal Raisins What type of cookie would maximize the company's contribution margin? Chocolate Chip x Your answer is incorrect. Try again. Outland's flour supplier has announced a shortage of gluten-free flour. As a result, Outland will only be able to purchase 50,000 pounds of flour. How many batches of each type of cookie should the company bake? Batches Chocolate Chip 9400 Sugar Oatmeal Raisin What will the company's contribution margin be? The company's contribution margin