please show all your work to gey full credit.

Chapter 11 Worksheet The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for the company's products is increasing, and management needs assistance from YOU in determining an economical sales and production mix for the coming year. The company has provided the following data: Demand Next Product Year (units) Selling Price per Direct Materials Direct Labor Unit Debbie Trish $16.70 $7.50 Sarah 50.000 42,000 35.000 40.000 325,000 $26160 $6.40 $4.00 $11 20 $8.00 $3.20 Mike $14.00 Sewing Kit $9160 The following additional information is available: a) The company's plant has a capacity of 130,000 direct labor hours per year. The company's present employees and equipment can produce al five products b) The direct labor rate of $16 per hour is expected to remain unchanged during the coming year c) Fixed manufacturing costs total $520,000 per year. Variable overhead costs are 52 per direct labor hour. d) All of the company's nonmanufactuning costs are foxed e) The company's finished goods inventory is negligible and can be ignored. 1. How many direct labor hours are used to manufacture one unit of the company's five products? HINT: DL cost per unit + DL rate per hour DL hours per unit is incurred to manufacture one unit of each of the company's five 2. How much variable overhead products? HINT: VOHD cost per hour DL hours per unit - VOHD cost per unit 3. What is the contribution margin e rect labor nour foreach of the company's five products? Variable Costs per unit: Direct Direct Labor VOHD Contribution Margin per Unit + DL hours per unit CM per DL hour 4. Assuming that direct labor hours is the company's constraining resource, what is the highest total contribution margin that the company can earn it it makes optimal use of its constrained resource? HINT: Step 1. Rank products in order of optimal production and sales, Step 2. Calculate how many DL hours will be used by each product. Step 3 Multiply by DL hours for each product by CM per DL hour, Step 4 Calculate total Contribution Margin