Colt Company produces two skateboard models. Machine time per unit for Hero is two hours and for Flip is one hour. The machine's capacity is 1,880 hours per year. Colt can sell up to 668 units of Hero and 844 units of Flip per year Selling prices and variable costs follow Selling price per unit Variable costs per unit Bero $ 150 50 Plip $ 95 55 Selling price per unit Variable costs per unit Hero $ 150 50 Flip $ 95 55 Answer is complete but not entirely correct. (a) Compute the contribution margin per machine hour for each product. Hero Flip Selling price per unit 150 $ 95 Variable costs per unit 55 Contribution margin per unit $ 100$ 40 Machine hours per unit 2 Contribution margin per machine hour $ 50 $ 40 50 1 (b) Determine the best sales mix of products, Hero Flip Total 668 1,212 X Units produced and sold for most profitable sales mix Hours required to produce most profitable sales mix 1,336 1,212 X 2,548 (c) Compute the total contribution margin for the best sales mix Hero Flip Total 668 Units produced for most profitable sales mix Contribution margin per unit Total contribution margin 1,212 40 $ 100 $ $ 66,800 $ 48,480 $ 115,280