Edge Company produces two models of its product with the same machine. The machine has a capacity of 158 hours per month. The following information is available. Standard Deluxe Selling price per unit $ 160 $ 190 Variable costs per unit 65 114 Contribution margin per unit $ 95 $ 76 Machine hours per unit 1 hour 2 hours Maximum unit sales per month 550 units 200 units Required:1. Determine the contribution margin per machine hour for each model.Product Contribution MarginStandardDeluxeContribution margin per unit$95$76Machine hours per unit12Contribution margin per machine hour$95$382. How many units of each model should the company produce? How much total contribution margin does this mix produce per month?StandardDeluxeTotalHours dedicated to the production of each product123Units produced for most profitable sales mix1580Contribution margin per unit9576Total contribution margin$15,010$0$15,0103. Assume the maximum demand for the Standard model is 80 units (not 550 units). 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 Units produced for most profitable sales mix Contribution margin per unit Total contribution margin.