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Exercise 2 3 - 6 Sales mix determination and analysis LO P 3 Colt Company owns a machine that can produce two specialized products. Production

Exercise 23-6 Sales mix determination and analysis LO P3
Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is three units per hour and
for Product MTV is five units per hour. The machine's capacity is 2,000 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 3,400 units of Product TLX and 4,635 units of Product MTV.
Selling prices and variable costs per unit to produce the products follow.
Determine the company's most profitable sales mix and the contribution margin that results from that sales mix. (Round per unit
contribution margins to 2 decimal places.)
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