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4 Required information The following information applies to the questions displayed below! Cane Company manufactures two products called Alpha and Bets that sell for $225 and $175, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the capacity to annually produce 10.000 units of each product. Its average cost per unit for each product at this level of activity are given below Direct water Aloha Beta $ 42 $ 24 Direct Labor 42 32 Variable manufacturing overhead 26 24 Traceable fixed manufacturing overhead 34 37 Variable selling expenses 31 27 Common fixed expenses 34 29 Total cost per unit $ 209 173 The company considers its traceable foed manufacturing overhead to be avoidable, whereas its common food expenses are unavoidable and have been allocated to products based on sales dollars 14. Assume that Cane's customers would buy a maximum of 99,000 units of Alpha and 79,000 units of Beta Also assume that the raw material available for production is limited to 344,000 pounds. What is the total contribution margin Cane Company wil art uses only one type of row material that costs $6 per pound. The company has the capacity to annually produce 130,000 units of each product. Its average cost per unit for each product at this level of activity are given below. Direct materials Direct labor Variable nanofacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Conton fixed expenses Total cost per unit Alpha Beta 5.42 $ 24 42 32 26 24 34 37 31 27 34 29 $ 209 173 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common food expenses are unavoidable and have been allocated to products based on sales dollars 15. Assume that Cane's customers would buy a maximum of 99,000 units of Alpha and 79.000 units of Bets. Also assume that the company's raw material available for production is limited to 344.000 pounds. If Cane uses its 344,000 pounds of raw materials, up to how much should it be willing to pay per pound for additional raw materials? (Round your answer to 2 decimal places.)