Glasgow Ornaments Ltd manufactures three types of souvenirs. Each souvenir has a photograph of a well-known Scottish tourist attraction in a frame made of seashells. There are three types of frames. One is in the shape of a square, the second is in the shape of a cave where mermaids sit at the entrance and the third is in the shape of a lighthouse. The following budget has been prepared for year 5. Square Cave Lighthouse Planned Sales (in units) 10,000 8,000 4,000 Seashells in kg per unit 0.5kg 1kg 1.5kg £ per unit £ per unit £ per unit Selling Price 10 15 25 Direct Materials 4 8 12 Direct Labour 2 3 4 Variable Overhead 1 2 2 Further Information: 1.Planned Production equals planned sales. No changes in stock levels are envisaged. 2.The total fixed production overhead of the company for the period is budgeted as £54,000. 3.The seashells are imported. An international trade dispute threatens to disrupt supply of seashells. The company has found another source that could be used as an alternative but with a higher price and restricted supply. The seashells would cost £10 per kg and the maximum amount available in the period ahead would be 8,000 kg of seashells. Required: (a)Prepare a statement showing the contribution of each product and the overall profit expected for the period if there is no restriction on seashells available.