Colt Company owns a machine that can produce two specialized products. Production time for Product TLX three units per hour and for Product MTV is four 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 3.918 units of Product MTV Selling prices and variable costs per un to produce the products follow. 5 per unit Selling price per unit Variable costs per unit Product TX $14.00 4.20 Product MTV 59.40 5.04 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.) Answer is not complete Contribution margin per unit Units produced per hour Product Product LX MTV $ 9.80 3.36 30 4 29.405 16.80 Product TLX Product MIV $ 3.36 Contribution margin per unit Units produced per hour Contribution margin per production hour 9.80$ 3 29.40 IS 4 > $ 16.80 Product ILX Total Maximum number of units to be sold Hours required to produce maximum units Product MTV 3918 3.400 1,133 Product MTV Total 1,133 2.000 For Most Profitable Sales Mix Product TEX Hours dedicated to the production of each product 867 Produce most profitable units until the market domand has been satisfied Units produced for most profitable sales mix 3.400 Contribution margin per unit $ 9.80S 3.36 Total contribution margin 33,329 4,333 $ IS 14.559 47.879