nnect x 5 Connect X Bh Blackboa X Ba Blackboa X B Blackboa X H Blackboa x Salesforc x B Blackboa x mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flowell.umassonline.net%252Fwebapp Saved Help 3, LO21-4) Insiteful Instruments produces two models of binoculars. Information for each model is as follows: Model 100 Model 101 Sales price per unit $ 200 $ 215 Costs and expenses per unit: Direct materials $ 51 $ 38 Direct labor 33 30 Manufacturing overhead (applied at the rate of $18 per machine-hour, 1/3 of which is fixed and 2/3 variable) 36 72 Variable selling expenses 30 15 Total costs and expenses per unit 150 155 Profit per unit $ 50 $ 60 Machine-hours required to produce one unit 2 4 Total manufacturing overhead amounts to $180,000 per month, one-third of which is fixed. The demand for either product is suffici to keep the plant operating at full capacity (10,000 machine-hours per month). Assume that only one product is to be produced in future. a. Prepare a sch