FitTime produces two types of exercise treadmills: Regular and Deluxe. The exercise craze and related demand is such that FitTime could use all of its available machine hours producing either model. The two models are processed through the same production department. (Click the icon to view the data.) What product mix will maximize operating income? (Hint: Use the allocation of fixed manufacturing overhead to determine the proportion of machine hours used by each product.) Prepare the product mix analysis. FitTime Product Mix Analysis Deluxe Regular da ze o alysis. 1 2 3 Sale price A B C Per Unit Deluxe Regular $ 970 $ 560 4 Less expenses: 5 Direct materials 260 130 6 Direct labor 88 188 7 Variable manufacturing overhead 276 92 8 Fixed manufacturing overhead* 156 52 6 Variable operating expenses 117 59 10 Total expenses $ 897 $ 521 11 Operating income $ 73 $ 39 "Allocated on the basis of machine hours Contribution margin for equivalent number of direct labor hours Contribution margin for equivalent number of machine hours Contribution margin per unit Fixed costs per unit Sale price per unit Units produced with equivalent number of direct labor hours Units produced with equivalent number of machine hours Variable costs per unit