Labo

El Cheepee makes three models of its office chairs. Use the following data to determine the most profitable sales mix if demand is unlimited. Complete the chart below Product Contribution Margin Standard Luxury Elegant Selling Price per Unit $125 $300 $450 Variable Cost per Unit 80 175 215 Contribution Margin per Unit Labor Hours per Unit 1.5 5 hours 8 hours hours Contribution Margin per Labor Hour Assuming market demand is unlimited no matter which model is produced, which of the three models should be produced? How many of the other models should be produced