I want to know the answer for Part 3 only

19:1onrgyuuun .nl''- O i ezto.mheducation.com/ext/r @ 5 Chapter 12 Homework 0 Saved Help Save & Exit Submit The following are the selling price, variable costs, and contribution margin for one unit of each of pints ' . . D Banner Companys three products. A, B, and C. E _ Product GBOOK A B C Selling price $120.00 $110.00 $110.00 Variable costs: Print Direct materials 61.20 22.50 41.00 Direct labour 25.00 50.00 30.00 Variable manufacturing overhead 5.00 10.00 6.00 if. Total variable cost 91.20 82.50 77.00 References Contribution margin is 28.80 $ 27.50 $ 33.00 Contribution margin ratio 24% 25% 30% Due to a strike in the plant of one of its competitors, demand for the company's products far exceeds its capacity to produce. Management is trying to determine which product(s) to concentrate on next week in filling its backlog of orders. The direct labour rate is $10 per hour, and only 3,470 hours of labour time are available each week. Required: 1. Compute the amount of contribution margin that will be obtained per hour of labour time spent on each product. (Round your intermediate calculations to 1 decimal place. Round your answers to 2 decimal places.) Contributionmarginpellabourhour 3 11.52 S 5.50 S 11.00 2. Which orders would you recommend that the company work on next weekthe orders for product A, product B, or product C? Product A 0 Product B O Product C Mc Graw BEEN: 1 9f 1 HI'II NEXT. 19:11ngynnnn .nl'}- O i ezto.mheducation.com/ext/r Ev] Chapter 12 Homework 0 Saved Help Save&Exlt Submit Check mywork 1 LUIJCILILY LU IJIUUULC. IVIOIICIUCIIICIIL ID llyllly LU determine which product(s) to concentrate on next week in filling its backlog of orders. The direct pm labour rate is $10 per hour, and only 3,470 hours of labour time are available each week. .5. Required: 1. Compute the amount of contribution margin that will be obtained per hour of labour time spent on each product. (Round your intermediate calculations to 1 decimal place. Round your answers to 2 decimal places.) Contributionmarginperlabourhour S 11.52 $ 5.50 S 'll.00 2. Which orders would you recommend that the company work on next weekthe orders for product A, product B, or product C? Product A 0 Product B 0 Product C 3. By paying overtime wages, more than 3,470 hours of direct labour time can be made available next week. Up to how much should the company be willing to pay per hour in overtime wages as long as there is unfilled demand for the three products? (Do not round intermediate calculations. Round your answer to 2 decimal places.) M n- Gr'aw Bray. 1sf1 ::: Next