Required information [The following information applies to the questions displayed below! Cane Company manufactures two products called Alpha and Beta that sell for $185 and $120, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 112,000 units of each product. Its average cost per unit for each product at this level of activity are given below Beta $ 10 29 Direct materials Direct labor Variable manufacturing overhead Traceable fixed manufacturing overhead Varioble selling expenses Common fixed expenses Total cost per unit Alpha $ 30 22 20 24 20 23 5139 26 16 15 $112 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 14. Assume that Cane's customers would buy a maximum of 88,000 units of Alpha and 68,000 units of Beta. Also assume that the company's raw material available for production is limited to 172,000 pounds. What is the maximum contribution margin Cane Company can earn given the limited quantity of raw materials? Total contribution margin Required information The following information applies to the questions displayed below) Cane Company manufactures two products called Alpha and Beta that sell for $185 and $120. respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 112,000 units of each product. Its average cost per unit for each product at this level of activity are given below. Alpha Direct materials Direct labor Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Common fixed expenses Total cost per unit $112 530 22 ze 24 Beta $10 29 13 26 16 18 23 $139 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 15. Assume that Cane's customers would buy a maximum of 88.000 units of Alpha and 68.000 units of Beta. Also assume that the company's raw material available for production is limited to 172.000 pounds. If Cane uses its 172.000 pounds of raw materials, up to how much should it be willing to pay per pound for additional raw materials? (Round your answer to 2 decimal places) Maximum price to be paid per pound