Limited Resources: Assume Fender produces only three guitars...

Limited Resources Assume Fender produces only three guitars the Stratocaster. Dreadnought and Telecaster. A limitation of 720 Labor hours per week prevents Fender from meeting the sales demand for these products Product information is as follows: Stratocaster Dreadnought Telecaster in orice 11.12 3720 51312 Uarable costs 60 11296 Unt contribution 1432 1360 21 bor hours per 24 M 720 Required Determine the weekly contribution from each product when total labor hours are allocated to the product with the highest 1. Unit selling price 2. Unit contribution margin 3. Contribution per latior hour (Hint: Each situation is independent of the others) Highest High Highest Unit Cartribution Contribution Seling Price per Unit per Later Hour D Laborhout Lohur per un Weekly proti Un contains Weekly 0 0 0 03 o Determine the opportunity cost the company will incarif mement requires the weekly production of 20 Telecasters. Hint You want to maximize short run profit. Think about which guitars most profitable 0 22