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Problem 3- Decision making case, product line profitability (10 points) Patriotic Pyros (PP) is a fireworks manufacturing company. Annual celebrations are rapidly approaching, and PP only has 50 pounds of powder left (and their suppliers have run out as well). PP manufactures two types of fireworks: Aerials (for large venues) and Grounders (for home use). Management is wondering which fireworks should be produced with the remaining powder, in order to maximize profits. The following information shows the per-unit information regarding the production and sale of these fireworks: erials 2 lbs. $5.00 $6.00 $1.00 $2.00 S50.00 0.75 lbs. S1.25 S3.00 0.50 $1.00 S20.00 Pounds of powder Direct materials Direct labor Variable overhead Fixed overhead Selling price Assume that selling and administrative costs are negligible at this point, given the current market for fireworks and PP's established network. Required: 1) Which type of firework would be the most profitable for Patriotic Pyros to produce? 2) What is the contribution margin per unit for each of the two products? ) How much contribution margin can be made with those 50,000 pounds of powder