Determining the optimal Product Mix with One Constrained Resource Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $5 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,300 hours of machine time per year. Each Swoop sweatshirt requires 6 minutes of machine time, and each Rufus sweatshirt requires 24 minutes of machine time Assume that there are no other constraints. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet Required: 1. What is the contribution margin per hour of machine time for each type of sweatshirt? Do not round intermediate calculations. Round your answers to the nearest cent. Contribution Margin Swoops 50 Rufus 150 X Contribution Margin Swoops 50 Rufus 150 x 2. What is the optimal mix of sweatshirts? Do not round intermediate calculations. Round your answers to the nearest whole number. If an amount is zero, enter "0" Optimal Mix Swoop 70,000 X units Rufus o units 3. What is the total contribution margin earned for the optimal mix? Do not round intermediate calculations. Round your answer to the nearest dollar 50,000 X Feedback Check My Work 1. Divide the contribution margin for each team shirt type by the required machine time per unit for CM per machine hour time. To calculate the required machine time per unit, divide the number of minutes required by 60 minutes. 2. Consider which product has the higher CM. The option with the highest contribution margin per unit of the constrained resource should be chosen. 3. Multiply the number of units produced by the unit's contribution margin