Lifemaster produces two types of exercise treadmills: Regular and Deluxe. The exercise craze and related demand is such that Lifemaster could use all of its available machine hours producing either model. The two models are processed through the same production department. EFFI (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 Lifemaster Fer OTIRE Product Mix Analysis 2 Deluxe Regular Deluxe Regular 3 Sale price 1,010 $ 530 4 Less expenses: 5 Direct materials 260 140 6 Direct labor 76 182 7 Variable manufacturing overhead 160 80 8 Fixed manufacturing overhead" 92 46 Variable operating expenses 121 67 515 Help me solve this Video Get more help - 10 Total expenses 709 $ 11 Operating income S 301 $ 15 *Allocated on the basis of machine hours