itTime 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 lachine 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 ach product.) = he ratio you calculated above tells us how many times as much overhead cost is allocated to each Deluxe model as to each Regular model. In other words, it takes the ompany two times as many machine hours to produce the Deluxe model as it does the Regular model. Ve can now complete the product mix analysis and calculate the contribution margin of each product for the equivalent number of machine hours. review of the product mix analysis reveals that for each unit of the Deluxe model produced (contributing $293 to operating income) FitTime can produce two units of e Regular model (contributing $198 to operating income). lecall that FitTime could use all of its machine hours producing either treadmill model. If FitTime wants to maximize its operating income, which model should produce? Recall we want the product that contributes the greater contribution margin per unit of the constraint. the same production department. (Click the icon to view the data.) Prepare the product mix analysis. Data table itTime 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 lachine 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 ach product.) = he ratio you calculated above tells us how many times as much overhead cost is allocated to each Deluxe model as to each Regular model. In other words, it takes the ompany two times as many machine hours to produce the Deluxe model as it does the Regular model. Ve can now complete the product mix analysis and calculate the contribution margin of each product for the equivalent number of machine hours. review of the product mix analysis reveals that for each unit of the Deluxe model produced (contributing $293 to operating income) FitTime can produce two units of e Regular model (contributing $198 to operating income). lecall that FitTime could use all of its machine hours producing either treadmill model. If FitTime wants to maximize its operating income, which model should produce? Recall we want the product that contributes the greater contribution margin per unit of the constraint. the same production department. (Click the icon to view the data.) Prepare the product mix analysis. Data table