Exercise $23-6$ Sales mix determination and analysis LO P$3$

Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is three units per hour and

for Product MTV is five units per hour. The machine's capacity is $2,000$ hours per year. Both products are sold to a single customer

who has agreed to buy all of the company's output up to a maximum of $3,400$ units of Product TLX and $4,635$ units of Product MTV$.$

Selling prices and variable costs per unit to produce the products follow.

Determine the company's most profitable sales mix and the contribution margin that results from that sales mix. $($Round per unit

contribution margins to $2$ decimal places.$)$