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. Data table FitTime Product Mix Analysis Deluxe Regular 1 Sale price per unit 1040 610 2 units of the Regular model (contributing Variable costs per unit Contribution margin per unit Units produced with equivalent number of machine hours Contribution margin for equivalent number of machine hours FitTime should produce the product with the highest contribution margin per unit of the constraint. Two times as much overhead cost is allocated to each Deluxe model as to each Regular model. In othe For each unit of the Deluxe model produced (contributing produce FitTime should produce 3 Sale price B C Per Unit Deluxe Regular $ 1,040 $ 610 4 Less expenses 5 Direct materials 280 6 Direct labor 90 184 7 Variable manufacturing overhead 188 8 Fixed manufacturing overhead 84 9 Variable operating expenses 111 8333 90 94 42 03 10 Total expenses $ 753 $ 473 per machine hour to opera per machine hour to operat 11 Operating Income $ 287 $ 137 "Allocated on the basis of machine hours Print Done