El Paso Industries produces two products: the Deluxe model and the Ultimate model. Information about the Deluxe model is as follows: Selling price - $14 Direct materials - $5 Direct labor - $7 Labor time required - 1 hour Machine time required - 2 hours Information about the Ultimate model is as follows: Selling price - $25 Direct materials - $8 Direct labor - $14 Labor time required - 2 hours Machine time required - 3 hours El Paso has 2,000 labor hours available during the next period, and 3,000 machine hours. Which of the following statements are true? (Check all that apply.)