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Micro Corporation manufactures three products; A, B, and C. Because of a recent lack of skilled labor, the corporation has a shortage of available labor hours. The following per unit data relates to the three products of the corporation: Product B Product C Product A $ 34 $ 60 $24 $ 35 $ 28 Selling price Variable cost Labor hours required Assume that Micro has 2,200 total labor hours available and the demand for each of the products is 700 units. What is the maximum contribution margin Micro can generate given this labor hour shortage? Multiple Choice o $18,400 o $19,000 o $13,000 o $7,000 Wellco Corporation is concerned about the losses reported for its product V8 and is considering discontinuing it. Data related to this product for last year appears below: Sales Variable Expenses Contribution Margin Fixed Manufacturing Expenses Fixed Selling and Administrative Expenses Operating Income $ 160,000 64,000 $ 96,000 110,000 34,000 $ (48000) Further investigation has revealed that $44,000 of the fixed manufacturing expenses and $20,400 of the fixed selling and administrative expenses are avoidable if product V8 is discontinued. What is the financial advantage (disadvantage) of dropping product V8? Multiple Choice $(31600) $(48000) $48000 $(72400)