Problem $23-3$A $($Algo$)$ Sales mix strategies LO P$3$

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.

Standard Deluxe

Selling price per unit $ $190$ $ $220$

Variable costs per unit $80132$

Contribution margin per unit $ $110$ $ $88$

Machine hours per unit $1$ hour $2$ hours

Maximum unit sales per month $550$ units $200$ units

Required: