Value: 10.00 points Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow Product $200 $300 Selling price $280 Variable expenses Direct materials 28 70 35 Other variable expenses 112 110 175 Total variable expenses 180 210 140 60 $120 Contribution margin 70 40% 30% Contribution margin ratio 25% The same raw material is used in all three products. Barlow Company has only 5,600 pounds of raw material on hand and will not be able to obtain any more of it for several weeks due to a strike in its supplier's plant. Management is trying to decide which product(s) to concentrate on next week in filling its backlog of orders. The material costs $7 per pound. Required: 1. Compute the amount of contribution margin that will be obtained per pound of material used in each product Contribution margin per unit Direct material cost per unit Direct material cost per pound Pounds of material required per unit L Contribution margin per pound