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Ohio Chemical (Ohio) manufacutures a variety of household products. A key ingredient in Ohio's products is mytron, which typically costs $1 per ounce. Because of

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Ohio Chemical (Ohio) manufacutures a variety of household products. A key ingredient in Ohio's products is mytron, which typically costs $1 per ounce. Because of a recent shortage of mytron, Ohio's management must decide how to most effectively ration its available supply. Information related to the three products that use mytron are shown below: Paint Remover Hand Soap $24 50% $20 40% Contribution margin per case Contribution margin ratio Mytron required per case (in ounces) Maximum monthly demand in cases) Laundry Detergent $12 60% 2 2,000 3 S 500 200 Assume that Ohio has only 4,000 ounces of mytron available next month. What is the maximum total price that Ohio should pay for the additional mytron necessary to complete production? Numeric Response

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