Exercise 8-15 (Part Level Submission) In response to a growing awareness of gluten allergies, Singletary Cookie Company 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: Oatmeal Raisin $126.25 $85 20 105.00 $21.25 1.5 Chocolate Chip $127.00 Sales price Variable cost Fixed cost Total cost Gross profit Pounds of flour Sugar $110.80 $63 16 79.00 $31.80 $78 19 97.00 $30.00 (a) Your answer is correct. Assuming no raw material constraints and unlimited demand for cookies Calculate contribution margin for Chocolate Chip, Sugar, Oatmeal Raisin cookies. (Round answers to 2 decimal places, e.g.52.75.) Cookies Chocolate Chip Sugar Contribution Margin 49 47.8 Oatmeal Raisin 41.25