Required information The Foundational 15 [LO11-2, L011-3, LO11-4, LO11-5, LO11-8) [The following information applies to the questions displayed below.) Cane Company manufactures two products called Alpha and Beta that sell for $215 and $160, respectively. Each product uses only one type of raw material that costs $7 per pound. The company has the capacity to annually produce 125,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Direct materials Direct labor Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Conton fixed expenses Total cost per unit Alpha $ 42 35 23 31 28 31 Beta $ 21 28 21 34 24 26 $154 $190 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. Foundational 11-12 12. What contribution margin per pound of raw material is earned by each of the two products? (Round your answers to 2 decimal places.) Alpha Beta Contribution margin per pound 14. Assume that Cane's customers would buy a maximum of 96.000 units of Alpha and 76,000 units of Beta. Also assume that the raw material available for production is limited to 246,000 pounds. What total contribution margin will it earn? Total contribution margin