Portsmouth Company makes upholstered furniture. Its only variable cost is direct materiais. The demand tor the por-hours. Information far exceeds its manufacturing capacity. The bottleneck (or c concetning three of Portsmouth's products appears below:- Required: 1. Portsmouth is considering paying its upholstery laborers houtly compensation, in addition to their usual salaries, to work overtime. Assuming that this extra time would be used to produce sofas, up to how much of an overtime rate per hour should the company be willing to pay to keep the upholstery shop open after normal working hours? 2. A smail nearby upholstering company has offered to upholster fumiture for Portsmouth at a price of $41 per houe. The management of Portsmouth is confident that this upholstering company's work is high quality and their craftsmen can work as quickly as Portsmouthis own craftsmen on the simpler upholstering jobs such as the Love Seat. How much additional contribution margin per hour can Portsmouth carn if it hires the nearby upholstering company to make Love Seats? 3. Should Portsmouth hire the nearby upholstering company? Complete this question by entering your answers in the tabs below. Portsmouth is considaring paying its upholstery iaborers hourly compensation, io addition to their usual saianes, to work overtime. Assuming that this extro time would be used to produce sofas, up to how much of an overtime rate per hour should the company be willing to pay to keep the upholstery shop open atter normal working hours? Complete this question by entering your answers in the tabs below. A small nearby upholstering company has offered to upholster furniture for. Portsmouth at a price of $41 per hour. The management of Portsmouth is confident that this upholstering company's work is high quality and their craftsmen can work quickly as Portsmouth's own craftsmen on the simpler upholstering jobs such as the Love Seat. How much additional contribution margin per hour can Portsmouth earn if it hires the nearby upholstering company to make Love Seats