Williams Gear makes and sells three types of computer laptop sleeves: leather, fabric, and plastic. Management is trying to determine the most profitable mix. Sales prices, demand, and use of manufacturing inputs follow: Williams has two production limits: (1) the demand for the individual sleeves (see maximum quarterly demand) and (2) 10,150 direct labor-hours per quarter caused by the physical layout of the production area. Required: a-1. Assuming the company can satisfy the annual demand, calculate the contribution margin for each type of sleeve using the table below. a-2. How much operating profit could Williams earn if it were able to satisfy the annual demand? b-1. Compute the contribution margin for each sleeve per the constrained resource, direct labor. b-2. Which of the three product lines makes the most profitable use of the constrained resource, direct labor? c. Given the information so far, what product mix do you recommend? d-1. Calculate the contribution margin for each type of sleeve using the product mix recommended in requirement c. d-2. How much operating profit should your recommended product mix generate? e. Suppose that the company could expand its labor capacity by leasing a new stitching machine that will free up 2,340 direct labor hours per quarter. What is the maximum quarterly lease payment that Williams Gear would be willing to pay? f. Suppose the company selling the stitching machine is not quite sure without further analysis how many direct labor hours the new machine would free up. Regardless of the number of new hours, what is the maximum quarterly lease payment Williams Gear would be willing to pay? Complete this question by entering your answers in the tabs below. Assuming the company can satisfy the annual demand, calculate the contribution margin for each type of sleeves using the cable below. Complete this question by entering your answers in the tabs below. How much operating profit could Williams earn if it were able to satisfy the annual demand? Complete this question by entering your answers in the tabs below. Compute the contribution margin for each sleeves per the constrained resource, direct labor. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Which of the three product lines makes the most profitable use of the constrained resource, direct labor? Complete this question by entering your answers in the tabs below. Given the information so far, what product mix do you recommend? (Round down "Units produced" to nearest whole unit.) Complete this question by entering your answers in the tabs below. Calculate the contribution margin for each type of sleeves using the product mix recommended in requirement c. (Round down "Units produced" to nearest whole unit and round other intermediate calculation to nearest whole dollar.) Complete this question by entering your answers in the tabs below. How much operating profit should your recommended product mix generate? Complete this question by entering your answers in the tabs below. Suppose that the company could expand its labor capacity by leasing a new stitching machine that will free up 2,340 direct labor hours per quarter. What is the maximum quarterly lease payment that Williams Gear would be willing to pay? (Round your final answer to nearest whole dollar.) Complete this question by entering your answers in the tabs below. Suppose the company selling the stitching machine is not quite sure without further analysis how many direct labor hours the new machine would free up. Regardless of the number of new hours, what is the maximum quarterly lease payment williams Gear would be willing to pay? (Round your final answer to nearest whole dollar.) Williams Gear makes and sells three types of computer laptop sleeves: leather, fabric, and plastic. Management is trying to determine the most profitable mix. Sales prices, demand, and use of manufacturing inputs follow: Williams has two production limits: (1) the demand for the individual sleeves (see maximum quarterly demand) and (2) 10,150 direct labor-hours per quarter caused by the physical layout of the production area. Required: a-1. Assuming the company can satisfy the annual demand, calculate the contribution margin for each type of sleeve using the table below. a-2. How much operating profit could Williams earn if it were able to satisfy the annual demand? b-1. Compute the contribution margin for each sleeve per the constrained resource, direct labor. b-2. Which of the three product lines makes the most profitable use of the constrained resource, direct labor? c. Given the information so far, what product mix do you recommend? d-1. Calculate the contribution margin for each type of sleeve using the product mix recommended in requirement c. d-2. How much operating profit should your recommended product mix generate? e. Suppose that the company could expand its labor capacity by leasing a new stitching machine that will free up 2,340 direct labor hours per quarter. What is the maximum quarterly lease payment that Williams Gear would be willing to pay? f. Suppose the company selling the stitching machine is not quite sure without further analysis how many direct labor hours the new machine would free up. Regardless of the number of new hours, what is the maximum quarterly lease payment Williams Gear would be willing to pay? Complete this question by entering your answers in the tabs below. Assuming the company can satisfy the annual demand, calculate the contribution margin for each type of sleeves using the cable below. Complete this question by entering your answers in the tabs below. How much operating profit could Williams earn if it were able to satisfy the annual demand? Complete this question by entering your answers in the tabs below. Compute the contribution margin for each sleeves per the constrained resource, direct labor. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Which of the three product lines makes the most profitable use of the constrained resource, direct labor? Complete this question by entering your answers in the tabs below. Given the information so far, what product mix do you recommend? (Round down "Units produced" to nearest whole unit.) Complete this question by entering your answers in the tabs below. Calculate the contribution margin for each type of sleeves using the product mix recommended in requirement c. (Round down "Units produced" to nearest whole unit and round other intermediate calculation to nearest whole dollar.) Complete this question by entering your answers in the tabs below. How much operating profit should your recommended product mix generate? Complete this question by entering your answers in the tabs below. Suppose that the company could expand its labor capacity by leasing a new stitching machine that will free up 2,340 direct labor hours per quarter. What is the maximum quarterly lease payment that Williams Gear would be willing to pay? (Round your final answer to nearest whole dollar.) Complete this question by entering your answers in the tabs below. Suppose the company selling the stitching machine is not quite sure without further analysis how many direct labor hours the new machine would free up. Regardless of the number of new hours, what is the maximum quarterly lease payment williams Gear would be willing to pay? (Round your final answer to nearest whole dollar.)