Your Company produces two products, Aplha and Beta. The particulars are listed below Sales price Variable costs: Direct material 6.00 per pound Direct labor Variable manufacturing ovehead Variable selling and administration expense Fixed costs Traceable fixed overhead (considered avoidable) Common fixed overhead (considered not avoidable). Common fixed overhead is allocated based on sales dollars. Your Company has the capacity to produce 100,00 units of each product and its unit cost for each product is based on tis level of activity Required: 1.Determine the contribution margin per pound of raw material earned by each product. Show you calculation 2. Assume that customers would buy a maximum of 80,000 units of Alpha and 60,000 units of Beta. Also assume that Your Company's raw material available for production is limited to 280,000 pounds. How many units of each product should the company produce to maximize its profits? Show your calculation. 3. If Your Company follows your recommendation above what total contribution margin will it earn? What will be the net opearting profit? Show your work in an income statement prepared in the contribution format. Alpha Beta I 100 90 24 18 20 20 10 6 8 15 12 15 10