You are employed as the management accountant of the Galloway Furniture Company. The company makes 3 different models of office chairs. The estimated production, costs and sales data for each unit are given below: Product/(Chair Models) Swivel Chair Executive Chair Guest Chair Maximum demand (units) 15,000 12,000 10,000 Data (per unit): $ $ $ Sales price 180 220 280 Variable cost: Direct wages ($8 per hour) 40 52 68 Other variable overheads 32 36 40 Raw material ($12 per kg) 48 60 72 Required: a. The supply of raw material is limited to 140,000 kg during the period; rank the products on the basis of their profitability. b. Calculate the numbers of each type of chairs to be produced and sold to maximize profit of Galloway Furniture Company. c. Prepare a marginal cost statement showing the profit of Galloway Furniture Company for the year where fixed cost is $600,000