XYZ Corp produces three products, and is currently facing a labor shortage – only 3,000 hours are av

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XYZ Corp produces three products, and is currently facing a labor shortage – only 3,000 hours are available this month The selling price, costs, labor requirements, and demand of the three products are as follows:

PRODUCT ==================>ABCSelling Price$5000$3000$4000Variable Cost Per Unit$3500$1000$3000Direct Labor Hours Per Unit1532Units Demanded10002000500

  1. In what order should XYZ Corp prioritize production of the products? List the letter of the product in the order of priority
  2. How many of each product should be produced (assuming all units will be sold during the period) during the labor shortage to maximize profit?
  3. What is the total contribution margin if XYZ Corp prioritizes production according to its limited resources?

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