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Edge Company produces two models of its product with the same machine. The machine has a capacity of 138 hours per month. The following information

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Edge Company produces two models of its product with the same machine. The machine has a capacity of 138 hours per month. The following information is available. Required: \begin{tabular}{|l|l|l|l|} \hline 1. Determine the contribution margin per machine hour for each model. \\ \hline \multicolumn{1}{|c|}{ Product Contribution Margin } & Standard & Deluxe & \\ \hline Contribution margin per unit & & \\ \hline Contribution margin per machine hour & \\ \hline \multicolumn{2}{|l|}{} \\ \hline \end{tabular} 2. How many units of each model should the company produce? How much total contribution margin does this mix produce per month? 3. Assume the maximum demand for the Standard model is 70 units (not 600 units). How many units of each model should the company produce? How much total contribution margin does this mix produce per month

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