Answer ASAP QUICK CHECK 3CAs before, Colonial Heritage's supplier of hardwood willonly be able to supply 2,000 board feet this month.Assume the company follows the plan we haveproposed. Up to how much should Colonial Heritage bewilling to pay above the usual price to obtain morehardwood?a. $40 per board footb. $25 per board footc. $20 per board footd. Zero QUICK CHECK 3AColonial Heritage makes reproduction colonialfurniture from select hardwoods.Selling price per unitVariable cost per unitBoard feet per unitMonthly demandQUICK CHECK 3BChairs$80$302600Selling price per unitVariable cost per unitBoard feet per unitMonthly demandThe company's supplier of hardwood will only beable to supply 2,000 board feet this month. Is thisenough hardwood to satisfy demand?a. Yesb. NoTables$400$200Chairs$80$30260010100Tables$400$20010100The company's supplier of hardwood will only be ableto supply 2,000 board feet this month. What plan wouldmaximize profits?a. 500 chairs and 100 tablesb. 600 chairs and 80 tablesc. 500 chairs and 80 tablesd. 600 chairs and 100 tables1415

A company's contribution margin is its sales revenue minus its variable expenses. After fixed costs are paid, any remaining funds from the resulting contributions are regarded as earnings. The contribution margin can be shown as a percentage or ratio of net sales, as well as the total, amount for each product line, and amount per unit.Calculation of contribution per board foot:ParticularsChairTablesSales$80$400Variable cost$30$200Contribution margin$50 (80-30)$200 (400-200)Board feet2 FT10FTContribution per board foot $25$20ParticularsAmountsProduction of chairs600Board feet required1,200Board feet remaining800Board feet per table10Production of tables80Tables would be made out of the extra wood. In this instance, the company will be able to make an extra $20 in profit and contribution margin for every additional board foot of wood.3C. The correct answer is Option (c) that is $20 per board foot.