Colt Company

Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is two units per hour and for Product MTV Is ve units per hour. The machine's capacity is 2,200 hours per year. Both products are sold to a single customer who has agreed to buy all ofthe company's output up to a maximum of35'40 units of Product TLX and 2,0?0 units of Product MTV. Selling prices and vanable costs per unit to produce the products follow. $ per unit Product TLK Product MTV Selling price per unit: $12-50 $7.50 Variable costs per unit. 3-75 4.50 Determine the company's most protable sales mix and the contribution margin that results from that sales mlac [Round per unit contribution margins to 2 decimal places.) Contribution margin per unit nits produced per hour Contribution margin per production hour Maximum numberofunitsto besold Hours required to produce maximum units Hours dedicated to the production ofeach product I l | Units produced for most protable sales mix Contribution margin per unit Total contribution margin