The following budgeted price and unit cost information is available for 2023: Body Butter Hand Cream Lip Butter $ 16.00 $ 12.00 $ 7.50 Selling price Costs: Beeswax Other natural seed/plant oil Natural flavour Labour costs Manufacturing overhead costs (Note 1) Selling and admin costs (Note 2) Total costs Profit 2.00 1.50 0.75 2.84 3.00 2.46 Max Demand Min Demand 12.55 $ 3.45 $ 1.50 1.25 0.68 1.67 2.00 1.80 8.90 3.10 $ 0.50 0.25 0.32 0.36 1.00 1.20 3.63 3.87 Note 1: Manufacturing overhead costs is allocated @ $6.00/machine hour to all three products. 30% of the manufacturing overhead costs is considered variable. Remaining are fixed costs. Note 2: 20% of the selling and admin costs are variable. The remaining are fixed. PNBC monthly machine hour capacity is limited to 2,500 hours. Monthly demand information is as follows: Body Butter Hand Cream Lip Butter 4,000 2,500 3,000 1,000 1,800 1,000 Question 1: Prepare a product mix analysis. Determine the machine hours required for each of the product. Determine the ranking of the products in order of its contribution margin per constrained resource. (11 marks)