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I QUESTION 4 Not yet answered Points out of 30.00 Flag question 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 $600 $1,260 (300) (1,080) $180 Unit selling price Unit variable costs Unit contribution margin Labor hours per unit $960 (600) $360 $300 36 24 36 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 labor hour. (Hint: Each situation is independent of the others.) Highest Unit Selling Price Highest Contribution per Unit Highest Contribution per Labor Hour