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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

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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 five units per hour. The machine's capacity is 2,400 hours per year. Both products are sold to a single tomer who has agreed to buy all of the company's output up to a maximum of 4,080 units of Product TLX and 2.250 units of Product MTV. Selling prices and variable costs per unit to produce the products follow. uct Selling price per unit Variable costs per unit $13.00 $7.80 3.90 Determine the company's most profitable sales mix and the contribution margin that results from that sales answers to 2 decimal places.) mik. (Round cost per unit Product TLX Product M TV Contribution margin per unit Contribution margin per production hour Product TLX Product MTV Maximum number of units to be sold Hours requ Product TLX Product MTV Total Maximum number of units to be sold Hours required to produce maximum units 4,080 2,250 For Most Profitable Sales Mix Product TLX Product MTV Total Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin

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