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need to find the answer for box hours required to produce maximum units Exercise 23-6 Sales mix determination and analysis LO P3 Colt Company owns

need to find the answer for box hours required to produce maximum units
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Exercise 23-6 Sales mix determination and analysis LO P3 Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is three units per hour and for Product MTV is five units per hour. The machine's capacity is 2,100 hours per year. Both products are sold to a single customer who has agreed to buy all of the company's output up to a maximum of 3,570 units of Product TLX and 4,870 units of Product MTV. Selling prices and variable costs per unit to produce the products follow. $ per unit Product TLX Product MTV Selling price per unit $14.00 $8.40 Variable costs per unit 4.20 5.04 Determine the company's most profitable sales mix and the contribution margin that results from that sales mix. (Round per unit contribution margins to 2 decimal places.) Contribution margin per unit Units produced per hour Contribution margin per production hour Product TLX Product MTV $ 9.80 $ 3.36 3 5 $ 29.40 $ 1080 Total Maximum number of units to be sold Hours required to produce maximum units Product TLX 3,570 1,1901 Product MTV 4,870 Total 2.100 For Most Profitable Sales Mix Product TLX Product MTV Hours dedicated to the production of each product 49,190 910 Produce most profitable units until the market demand has been satisfied Units produced for most profitable sales mix 3,570 4,550 Contribution margin perunt 9.80 s 3.30 Determine the company's most profitable sales mix and the contribution margin that results from that sales mix. (Round per unit contribution margins to 2 decimal places.) 2 points Answer is not complete. Product MTV s 3.38 Contribution margin per unit Units produced per hour Contribution margin per production hour Product TLX 9.80 3 5 29.40 OO 5 16.80 go Total Product TLX 3.570 1.190 Product MTV 4,870 Maximum number of units to be sold Houns required to produce maximum units Total 2.100 Product For Most Profitable Salou Mix Product TLX MTV Hours dedicated to the production of each product 1,190 910 Produce most profitable units until the market demand has been satisfied, Units produced for most profitable sales mix 3,570 4.550 Contribution margin per unit $ 9.00ls 3.30 Total contribution margin $ 34,986 $ 15.280 50.274

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