e and Decishon Making consumer electronic products Unit selling prices and costs for three models of on uct lines are as follows LO 11-7) 11-44 Product-Profitability Analysis; Scarce Resources Santana Company produces a No Fills Standard Options Super $60 S35 Selling price Direct labor ($20/hourl 30 20 10 Variable overhead Fixed overhead Variable overhead is charged to products on the basis of direct labor dollars; fixed overheadis allocated to products on the basis of machine-hours. Required 1. What is fundamentally different about the fixed versus variable overhead assigned to products? Answer the question within the context of the relevance of this difference to the determination of short-term product mix.) 2. Calculate for each product both the gross profit per unit and the contribution margin per unit. Are either of these profitability measures useful for planning the optimum short-term product Why or why not? 3. If the company has excess machine capacity but a limited amount of labor time, how should the opti- mum short-term product mix be determined? 4. Assume now that machine-hours, not direct labor-hours, is the limiting resource. How, if at all, would this affect the product-mix decision? 5. How can the optimum product mix be determined when there are only two products, and one or more constraints? mix? 6. How can the optimum product mix be determined when there are more than two products, and one or more constraints? role of the management accountant in terms of planning the optimum sh product mix