Jerry is certain that a great way for CVC to improve profitability is to expand its product line. He believes a new knife-gate valve has a very promising future. CVC's CEO still needs to be convinced; while she would like to increase profits, there are capacity concerns. Jerry provided you with the following information on the knife-gate valve: Estimated variable costs: Direct materials $20.00 per unit Direct labour (3.0 hours) $45.00 per unit Variable overhead $18.00 per unit Target selling price $115.00 per unit Estimated annual demand 5,000 units In addition, engineering advised that the knife-gate valve can be produced on existing machinery. According to the engineers, manufacturing the knife-gate value should not result in any increased to fixed production costs. Only the allocation of xed costs will change. Jerry would like your help in drafting a production schedule that includes the knife-gate valve, to maximize profits for CVC