Edge Company produces two models of its product with the same machine. The machine has a capacity of 146 hours per month. The following information is available. Required: 2. How many units of each model should the company produce? How rouch total contribution margin does this mix preduce per month? T. rosume me maxamum gemand for the standard model is 70 units (not 500 un 3 . How many units of each model should the company produce? How much total contribution margin does this mox produce per month? Answer is not complete. 1. Determine the contribution margin per machine hour for each model 2. How many unils of each model should the company produce? How much total contribution margin does this mix produce per month? \begin{tabular}{|c|c|c|c|c|c|c|} \hline & \multicolumn{3}{|c|}{ Standard } & Deluxa & & Total \\ \hline Hours dedicated to the production of each product & & 146 & & 00 & & 146 \\ \hline Units produced for most profitable sales mix & & 1460 & & 00 & & \\ \hline Contribution margin per unit & & 65 & & 52 & & \\ \hline Total contribution margin & $ & 9.490 & $ & 0 & & 9,4900 \\ \hline \end{tabular} 3. Assume the maximum demand for the Standard model is 70 units (not 500 units). How many units of each model should the company produce? How much total contribution margin does this mix produce per month? \begin{tabular}{|c|c|c|c|c|} \hline & & iard & lluxe & Total \\ \hline Hours dedicated to the production of each product & & 70 & 70 & 140 \\ \hline Units produced for most profitable sales mix & & 700 & 35 & \\ \hline Contribution margin per unit & $ & 65.00 & 52.00 & \\ \hline \end{tabular}