StoreAll produces plastic storage bins for household storage needs. The company makes two sizes of bins large and regular Demand for the products is so high that StoreAll can sell 40 200 regular bins and 25,000 large bins per period. The company uses the same machinery to produce both sizes. The machinery can run for 3,300 hours per period. StoreAll can produce 10 large bins every hour (ie. it takes 6 minutes to produce one large bin), whereas it can produce 15 regular bins per hour (Le it takes 4 minutes to produce one regular bin), Sales prices and variable costs are as follows Bin size Large Selling price per unit $11.80 Vanable cost per unit $5.20 Requirements Regular $9.00 $3.10 1. Is the machinery considered a constraint resource? Why? [1 marks] 2. Compute the contribution margin per hour of machine time for both large and regular bins [2 marks] 3. Which product should StoreAll emphasize? Why? [1 mark] 4. To maximize profits, how many of each size bin should StoreAll produce? 12 marks] 5. Given this product mix, what will the company's total contribution margin be? [1 mark]