Please include the solutions/formulas for all required parts. For E-26, here is an important hint. Because your constraint, your limited resource, is hours, you want to find the contribution margin per hour for each product. That will enable you to answer the various parts of the questions. Please show the solutions/formulas for this and all other required parts.

LO4 E4-26. Limited Resources Toledo Manufacturing Company, Ltd., produces three products: X, Y. and Z. A limitation of 240 labor hours per week prevents the company from meeting the sales demand for these products. Product information is as follows: 4 chapter 4 l Relevant Costs and Benefits forDecision Making Unit selling price $160 $100 $210 Unit variable costs. Unit contribution margin S 60 S 50 S 30 Labor hours per unit Required a. Determine the weekly contribution from each product when total labor hours are allocated to the product with the highest l. Unit selling price. 2. Unit contribution margin 3. Contribution per labor hour. (Hint: Each situation is independent of the others.) b. What generalization can be made regarding the allocation of limited resources to achieve short-run profit maximization? c. Determine the opportunity cost the company will incur if management requires the weekly production of 12 units of Z. d. Give reasons why acompany may not allocate resources in the most economical way in some situations