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Required information Skip to question [ The following information applies to the questions displayed below. ] Cane Company manufactures two products called Alpha and Beta

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[The following information applies to the questions displayed below.]
Cane Company manufactures two products called Alpha and Beta that sell for $170 and $130, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the capacity to annually produce 116,000 units of each product. Its average cost per unit for each product at this level of activity is given below:
Alpha Beta
Direct materials $ 30 $ 18
Direct labor 3025
Variable manufacturing overhead 2015
Traceable fixed manufacturing overhead 2628
Variable selling expenses 2218
Common fixed expenses 2520
Total cost per unit $ 153 $ 124
The companys traceable fixed manufacturing overhead is avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars.
12. What contribution margin per pound of raw material is earned by each of the two products?
Note: Round your answers to 2 decimal places.

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