edge company produces two models of its product with the same machine. The machine has a capacity of 150 hours per month the following information is available

Edge Company produces two models of its product with the same machine. The machine has a capacity of 150 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 $ 120 45 $ 75 1 hour 500 units Deluxe $ 150 90 $ 60 2 hours 250 units Required: Answer is not complete. 1. Determine the contribution margin per machine hour for each model, Product Contribution Margin Standard Contribution margin per unit Deluxe 75 $ 60 1 2 Contribution margin per machine hour 75 30 0 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 150 150 Units produced for most profitable sales mix 150 Contribution margin per unit 75 Total contribution margin 11,250 $ $ 11,250 0 60 0 150 3. Assume the maximum demand for the Standard model is 80 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? Standard Deluxe Total Hours dedicated to the pr production of each product 75 X 225 Units produced for most profitable sales mix 75 X 128 Contribution margin per unit 75.00 60.00 Total contribution margin 5,625 7.680 46,620 $ $ $ $ $