7 5 points Check my work Problem 10-3A (Algo) Sales mix strategies LO P3 Edge Company produces two models of its product with the same machine. The machine has a capacity of 164 hours per month. The following information is available. Selling price per unit Variable costs per unit eBook Contribution margin per unit Standard $ 190 80 $ 110 Deluxe $ 220 132 $ 88 Machine hours per unit 1 hour Maximum unit sales per month 550 units 2 hours 200 units Print Required: References 1. Determine the contribution margin per machine hour for each model. Product Contribution Margin Standard Deluxe Contribution margin per unit $ 110 $ 88 Machine hours per unit 1 2 Contribution margin per machine hour $ 110 $ 44 2. How many units of each model should the company produce? How much total contribution margin does this mix produce per month? Standard Deluxe Total Hours dedicated to the production of each product 164 0 164 Units produced for most profitable sales mix 164 0 Contribution margin per unit 110 88 Total contribution margin $ 18,040 $ 0 $ 18,040 3. Assume the maximum demand for the Standard model is 80 units (not 550 units). How many units of each model should the company produce? How much total contribution margin does this mix produce per month? Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin Standard Deluxe Total