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Stefanovich company manufactures three products-A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow Product A

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Stefanovich company manufactures three products-A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow Product A B $180 5260 $240 Selling price Variable expenses Direct materials Other variable expenses Total variable expenses Contribution margin Contribution margin ratio 24 BD 102 100 126 180 $ 54 $ 30 30% 3077 32 148 180 $50 25 The same raw materials used in all three products. The company has only 6.600 pounds of raw material on hand and will not be able to obtain any more of it for several weeks due to a strike in its suppliers plent Management is trying to decide which producto concentrate on next week in iting it backlog of orders. The material costs 58 per pound A foreign supplier could furnish the company with additional stocks of the raw material at a substantial premium over the price. Assuming the company's estimated customer demand is 500 units per product in and that the company has used 6.600 pounds of water in an opemashion what is the highest price the company should be willing to pay for an additional pound of material

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