Exercise 10-9 Sales mix determination and analysis LO A1 Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is two units per hour and for Product MTV is four units per hour. The machine's capacity is 2,100 hours per year. Both products are sold to a single customer who has agreed to buy all of the company's output up to a maximum of 3,570 units of Product TLX and 1,740 units of Product MTV. Selling prices and variable costs per unit to produce the products follow. Selling price per unit Variable costs per unit Product TLX $ 12.00 Product MTV 7.20 4.32 3.60 Determine the company's most profitable sales mix and the contribution margin that results from that sales mix. (Round cost per unit answers to 2 decimal places.) Product TLX Product MTV Contribution margin per unit Contribution margin per production hour Product TLX Product MTVTotal 1,740 Maximum number of units to be sold Hours required to produce maximum units 3,570 For Most Profitable Sales Mix Product TLX Product MTVTotal Product MIV $7.20 4.32 Produc Selling price per unit Variable costs per unit 12.00 3.60 Determine the company's most profitable sales mix and the contribution margin that results from that sales mix. (Round cost per unit answers to 2 decimal places.) Product TLX Product MTV Contribution margin per unit Contribution margin per production hour Product TLX Product MTVTotal Maximum number of units to be sold 3,570 1,740 Hours required to produce maximum units Product TLX Product MTVTotal For Most Profitable Sales Mix Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin