The Wave Crave is a take-out food store at a popular beach resort. Cindy Smith, owner of the Wave Crave, is deciding how much refrigerator space to devote to four different drinks. Pertinent data on these four drinks are as follows: B (Click to view the data.) ) Smith has a maximum front shelf space of 12 feet to devote to the four drinks. She wants a minimum of 1 foot and a maximum of 6 feet of front shelf space for each drink. Read the requirements - X CHE Data table Requirement 1. Calculate the contribution margin per case of each type of drink. Cola Lemonade Natural Punch Orange Juice 27.30 $ 38.75 20.70 29.90 $ 19.25 $ Selling price per case Variable cost per case 19.50 S 15.60 $ Natural Cola Lemonade Punch Orange Juice 19.25 S 19.50 $ 27.30 $ 38.75 14.00 $ 15.60 $ 20.70 S 29.90 8 22 25 23 Selling price per case Variable cost per case 14.00 $ Contribution margin per case Cases sold per foot of shelf space per day = Requirements Print Done 1. Calculate the contribution margin per case of each type of drink 2. A coworker of Smith's recommends that she maximize the shelf space devoted to those drinks with the highest contribution margin per case. Do you agree with this recommendation? Explain briefly 3. What shelf-space allocation for the four drinks would you recommend for the Wave Crave? Show your calculations