Farris Company reported the following information for its two products Selling price per unit Variable cost per unit Product X $140 84 Product Y $150 66 Due to labor constraints, demand for each of the products is greater than its supply. Product X requires one hour of labor to produce and product Y requires three hours of labor to produce. Which of the following statements is true? Multiple Choice Product X should be produced and sold because it provides a higher contribution margin per labor bour than Product Product Y should be produced and sold because it provided a higher contounon margin per unit than Product X Product Y should be produced and sold because it provides more revenue then ProductX Product should be produced and pold because it has a lower cost man Produc