Edge Company produces two models of its product with the same machine. The machine has a capacity of 172 hours per month. The following information is available. Selling price per unit Variable costs per unit Contribution margin per unit Machine hours per unit Maximum unit sales per month Standard $ 230 100 Deluxe $ 260 156 $ 104 1 hour 650 units $ 130 2 hours 250 units Required: 1. Determine the contribution margin per machine hour for each model. Product Contribution Margin Standard Deluxe Contribution margin per unit $ Machine hours per unit 130 $ 1 104 2 Contribution margin per machine hour S 130 $ 52 2. How many units of each model should the company produce? How much total contribution margin does this mix produce per month? Standard Deluxe Total Hours dedicated to the production of each product 172 0 172 Units produced for most profitable sales mix Contribution margin per unit Total contribution margin 130 104 $ 0 $ 0 $ 58,500 3. Assume the maximum demand for the Standard model is 90 units (not 650 units). How many units of each model should the company produce? How much total contribution margin does this mix produce per month? Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin Standard Deluxe Total