Required information [The following information applies to the questions displayed below] Cane Company manufactures two products...

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Required information [The following information applies to the questions displayed below] Cane Company manufactures two products called Alpha and Beta that sell for $205 and $164, respectively. Each product uses only one type of raw material that costs $8 per pound. The company has the capacity to annually produce 127,000 units of each product. Its average cost per unit for each product at this level of activity are given below Alpha Beta Direct materials $40 $ 24 Direct labor 37 30 Variable manufacturing overhead 24 22 Traceable fixed manufacturing overhead Variable selling expenses 32 35 29 25 Common fixed expenses Total cost per unit 32 $194 27 $163 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars 12. What contribution margin per pound of raw material is earned by each of the two products? (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Contribution margin per pound Alpha Bet 220 S 017 Required information [The following information applies to the questions displayed below] Cane Company manufactures two products called Alpha and Beta that sell for $205 and $164, respectively. Each product uses only one type of raw material that costs $8 per pound. The company has the capacity to annually produce 127,000 units of each product. Its average cost per unit for each product at this level of activity are given below Alpha Beta Direct materials $40 $ 24 Direct labor 37 30 Variable manufacturing overhead 24 22 Traceable fixed manufacturing overhead Variable selling expenses 32 35 29 25 Common fixed expenses Total cost per unit 32 $194 27 $163 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars 12. What contribution margin per pound of raw material is earned by each of the two products? (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Contribution margin per pound Alpha Bet 220 S 017