Shelby Company produces three products: product X, product Y, and product Z. Data concerning the three products follow (per unit):

1 40o points value Shelby Company produces three products: product X, product Y, and product Z. Data concerning the three products follow (per unit) Product X $ 120 Product Y $ 100 Product Z $ 110 Selling price Variable expenses Direct materials 36.00 30.00 7.70 Labor and overhead Total variable expenses Contribution margin Contribution margin ratio 36.00 72.00 $48.00 45.00 75.00 $25.00 69.30 77.00 $33.00 40% 2 % Demand for the company's products is very strong, with far more orders each month than the company can produce with the available raw materials. The same material is used in each product. The material costs $8 per pound, with a maximum of 4,200 pounds available each month. Required a. Compute contribution margin per pound of materials used. (Round your intermediate calculations and final answers to 2 decimal places.) Contribution margin Product X Product Y Product Z b. Which orders would you advise the company to accept first, those for product X, for product Y, or for product Z? Which orders second? Third? 12:58 AM 7/23/2016 }' |"r 4: .111