Fred Willard has hired you, a financial analysis expert, to explain their financial struggles. What advice do you have for Fred Willard?$3.)(20$ points$)$ The Fred Willard Company manufactures three products, A$,$ B$,$ and

C$,$ all made from the same material. Although Fred Willard sells a lot of product,

financially the company is struggling. Fred Willard currently allocates overhead based on

direct labor hours. Information for the three products for the last year is as follows:

The price for raw materials remained constant throughout the year at $$1\mathrm{.}20$ per pound.

Similarly, the direct labor cost was $$14\mathrm{.}80$ per hour. The annual overhead costs were as

follows:

Fred Willard has hired you, a financial analysis expert, to explain their financial

struggles. What advice do you have for Fred Willard?