Do not give answer in image and hand writing **Brissett Corporation Product Profitability Analysis**Brissett Corporation manufactures three products that utilize a specific machine type as a constraint. Data on these products are presented below:| Product | Selling Price per Unit | Variable Cost per Unit | Time on the Constraint (minutes) ||---------|------------------------|------------------------|---------------------------------|| GK | $326.13 | $252.84 | 3.90 || LQ | $543.39 | $423.85 | 7.90 || XX | $520.00 | $397.70 | 8.60 |**Required Analysis:**a. **Profitability Ranking:** Determine the order of product profitability from most to least profitable. Emphasize the order in the sequence that highlights their importance to the company’s financial strategy.b. **Constraint Resource Valuation:** With the assumption that the constraint time is available to meet the demands of all but the least profitable product, estimate the maximum amount the company should be willing to pay to acquire more of the constrained resource. Note: Round your calculation to two decimal places.**Table for Entry:**| Ranking | Product ||---------|----------------|| 1st | [Product GK] || 2nd | [Product LQ] || 3rd | [Product XX] |**Maximum Amount to Acquire More Resource:** [Enter calculated value here]Ensure to perform detailed calculations and analyses as you determine the rankings and compute the resource valuation.

The contribution margin is calculated as difference between sales and variable costs. The products are ranked on the basis of contribution margin per restricted constraint.In case of limited resources, product which has more contribution margin per limited resources should be produced first. GKLQXKSales price per unit$326.13$543.39$520.00Less: Variable costs per unit$252.04$420.85$397.70Contribution margin per unit $74.09$122.54122.30Time3.907.908.00Contribution margin per minute$18.997 (or $19.00)$15.51$15.29Ranking 123If product XK is not produced then contribution that would be foregone is $15.29 per minute. Therefore if the company wants to hire additional capacity, the maximum amount it will pay for the hired capacity is $15.29 per minute. Because if the payment is more than that, the company will incur loss.Answer (a) : Statement of ranking of the product in order of their current profitability :GKLQXKSales price per unit$326.13$543.39$520.00Less: Variable costs per unit$252.04$420.85$397.70Contribution margin per unit $74.09$122.54122.30Time3.907.908.00Contribution margin per minute$18.997 (or $19.00)$15.51$15.29Ranking 123Answer (b) :Maximum amount Corp. will pay for hired capacity = $15.29