The Watton Toy Company manufactures a line of dolls and a sewing kit. Demand for the company's products is increasing. and management requests assistance from you in determining an economical sales and production mix for the coming year. The company has provided the following data: The following additional information is avallable: a. The company's plant has a capacity of 161,800 direct labor-hours per year on a single-shift basis. The company's present employees and equipment can produce all five products. b. The direct labor rate of $36 per hour is expected to remain unchanged during the coming year. c. Fixed manufacturing costs total $585,000 per year. Variable overhead costs are $2 per direct labor-hour. d. All of the company's nonmanufacturing costs are fixed. e. The company's finished goods inventory is negligible and can be ignored. Required: 1. How many direct labor hours are used to manufacture one unit of each of the company's five products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's five products? 3. What is the contribution margin per direct labor-hour for each of the company's five products? 4. Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution margin that the company can earn if it makes optimal use of its constrainer ce? 5. Assuming that the company has made optimal use of its 161,800 direct urs, what is the highest direct la rate per hour that Walton Toy Company would be willing to pay for additiona. wacity (that is, for added direct la 3. What is the contribution mardin per incurred to manufacture one unit of each of the company's five products? 4. Assuming that direct labor-hroun per direct labor-hour for each of the company's flive products? margin that the company can earn if it the company's constraining resource, what is the highest total contribution 5. Assuming that the compan earn if it makes optimal use of its constrained resource? rate per hour that Waiton- Toy has made optimal use of its 161,800 direct labor-hours, what is the highest direct labor time)? Complete this question by entering your answers in the tabs below. How many direct labor hours are used to manufacture one unit of each of the company's five products? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Required: 1. How many direct labor hours are used to manufacture one unit of each of the company's five products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's five products? 3. What is the contribution margin per direct labor-hour for each of the compary's flive products? 4. Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution 5. Assuming that the cony can earn if it makes optimal use of its constrained resource? rate per hour that Walton Pany has made optimal use of its 161,800 direct labor-hours, what is the highest direct labor time)? Complete this question by entering your answers in the tabs below. How much variable overhead cost is incurred to manufacture one unit of each of the company's flve products? (Do ni ntermediate calculations. Round your answers to 2 decimal places.) Required: 1. How many direct labor hours are used to manufacture one unit of each of the company's flve products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the cornpany's five products? 3. What is the contribution margin per direct labor-hour for each of the company's five products? 4. Assuming that direct labor-hours is the company's constraining resource, what is the highest totat contribution margin that the company can earn if it makes optimal use of its constrained resource? 5. Assuming that the company has made optimal use of its 161,800 direct labor-hours, what is the highest direct labo rate per hour that Walton Toy Company would be willing to pay for additional capacity (that is, for added direct labo time)? Complete this question by entering your answers in the tabs below. What is the contribution margin per direct labor-hour for each of the company's five products? (Do not round interm calculations. Round your answers to 2 decimal places.) Required: 1. How many direct labor hours are used to manufacture one unit of each of the company's five products? 2. How much variable ovethead cost is iocurred to manufacture one unit of each of the company's five products? 3. What is the contribution margin per direct labor-hour for each of the company's five products? 4. Assuming that direct labor hours is the company's constraining resource, what is the highest total contribution margin that the company can carn if it makes optimal use of its constrained resource? 5. Assuming that the company has made optimal use of its 161,800 direct labor-hours, what is the highest direct labor rate per hour that Walton Toy Company would be willing to pay for additionat capacity (that is, for added direct labor time)? Complete this question by entering your answers in the tabs below. Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution margin th he company can earn if it makes optimal use of its constrained resource? (Do not round intermediate calculations. Roun our final answer to a whole dollar amount.) Required: 1. How many direct labor hours are used to manufacture one unit of each of the company's five products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's flve products? 3. What is the contibution margin per direct labor-hour for each of the company's five products? 4. Assuming that direct labor hours is the company's constraining resource, what is the highest total contribution margin that the company can eatn if it makes optimal use of its constrained resource? 5. Assuming that the company has made optimal use of its 161,800 direct labor hours, what is the highest direct fabor rate per hour that Walton Toy Company would be willing to pay for additional capacity (that is, for added direct labor time)? Complete this question by entering your answers in the tabs below. Assuming that the company has inade potimal use of its 161,800 direct labor-hours, what is the highest direct labot hour that Walton Toy Compamy would be willing to pay for additional capacity (that is, for added direct labor time)? ound Intermediate calculations Roind your hentiwors to 2 decimal