Edge Company produces two models of its product with the same machine. The machine has a capacity of 168 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 salen per month Standard $ 210 90 $ 120 1 hour 650 units Deluxe $ 240 144 $ 96 2 hours 250 unita Required: 1. Determine the contribution margin per machine hour for each model Product Contribution Margin Contribution margin per unit Standard Deluxe Contribution margin per machine hour Deluxe Total 2. How many units of each model should the company produce? How much total contribution margin does this mix produce per month? Standard Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin 3. Assume the maximum demand for the Standard model is 80 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? 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